BMO Capital Markets Lowers Lycos Energy (CVE:LCX) Price Target to C$2.50

Lycos Energy (CVE:LCX - Get Free Report) had its price target cut by investment analysts at BMO Capital Markets from C$3.50 to C$2.50 in a report issued on Tuesday,BayStreet.CA reports. BMO Capital Markets' target price indicates a potential upside of 73.61% from the stock's previous close.

Separately, National Bank Financial raised Lycos Energy to a "hold" rating in a research note on Friday, May 30th.

Lycos Energy Stock Performance

Lycos Energy stock traded down C$0.01 on Tuesday, reaching C$1.44. The company's stock had a trading volume of 12,064 shares, compared to its average volume of 65,329. The company has a market cap of C$76.62 million and a price-to-earnings ratio of 7.58. The business's fifty day moving average price is C$1.78 and its 200 day moving average price is C$2.24. Lycos Energy has a twelve month low of C$1.41 and a twelve month high of C$3.55.

Lycos Energy Company Profile

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.