Lycos Energy (CVE:LCX) Hits New 12-Month High - Time to Buy?

Key Points

• 52-week high: Lycos Energy shares hit a new 52-week high of C$2.23 (last C$2.21) on Monday, up about 4.9% with 385,742 shares traded.
• Mixed analyst views: Two analysts rate the stock Buy and two Hold, producing a consensus "Moderate Buy" and a consensus price target of C$1.73, though targets vary widely (National Bank Financial C$2.50; Haywood upgraded to Buy but cut its target to C$0.65).
• Company fundamentals: The junior heavy‑oil producer in Western Canada has a market cap of C$232.24M, a negative P/E (-2.31), and a 50-day moving average (C$1.55) above its 200-day (C$1.21), reflecting recent upward momentum.

Lycos Energy Inc. (CVE:LCX - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.23 and last traded at C$2.21, with a volume of 385742 shares changing hands. The stock had previously closed at C$2.05.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Haywood Securities raised Lycos Energy from a "hold" rating to a "buy" rating and cut their target price for the company from C$1.50 to C$0.65 in a research report on Monday, December 22nd. National Bank Financial upped their target price on Lycos Energy from C$0.70 to C$2.50 and gave the company a "sector perform" rating in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$1.73.

Lycos Energy Trading Up 4.9%

The firm has a market capitalization of C$232.24 million, a price-to-earnings ratio of -2.31 and a beta of -0.07. The company has a 50-day moving average of C$1.55 and a 200-day moving average of C$1.21.

About Lycos Energy

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.

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