Lycos Energy (CVE:LCX) Rating Lowered to Sector Perform at National Bankshares

National Bankshares downgraded shares of Lycos Energy (CVE:LCX - Free Report) from an outperform rating to a sector perform rating in a report published on Tuesday,BayStreet.CA reports. National Bankshares currently has C$2.00 target price on the stock, down from their previous target price of C$4.75.

LCX has been the topic of several other research reports. BMO Capital Markets lowered their target price on Lycos Energy from C$3.50 to C$2.50 in a research note on Tuesday. National Bank Financial upgraded Lycos Energy to a "hold" rating in a report on Friday, May 30th.

Lycos Energy Stock Performance

LCX traded down C$0.01 during trading on Tuesday, reaching C$1.44. The company had a trading volume of 12,064 shares, compared to its average volume of 65,329. Lycos Energy has a 12-month low of C$1.41 and a 12-month high of C$3.55. The firm's 50-day simple moving average is C$1.78 and its 200 day simple moving average is C$2.24. The company has a market cap of C$76.62 million and a price-to-earnings ratio of 7.58.

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.