Lycos Energy (CVE:LCX) Sets New 52-Week Low - Should You Sell?

Key Points

• Lycos Energy Inc. (CVE:LCX) reached a new 52-week low of C$1.17 during trading, closing at C$1.19 after a volume of 180,491 shares.
• Multiple analyst ratings have shifted, with ATB Capital lowering their target from C$2.80 to C$2.25 and others downgrading their ratings, resulting in a consensus target price of C$2.25.
• Lycos Energy has a market cap of C$63.35 million and currently has a P/E ratio of -1.02, indicating potential financial challenges ahead.

Lycos Energy Inc. (CVE:LCX - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as C$1.17 and last traded at C$1.19, with a volume of 180491 shares. The stock had previously closed at C$1.22.

Wall Street Analyst Weigh In

LCX has been the subject of several research reports. ATB Capital lowered their target price on Lycos Energy from C$2.80 to C$2.25 and set an "outperform" rating for the company in a report on Tuesday, June 3rd. National Bank Financial raised shares of Lycos Energy to a "hold" rating in a research note on Friday, May 30th. National Bankshares downgraded shares of Lycos Energy from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$4.75 to C$2.00 in a research note on Tuesday, June 3rd. Finally, BMO Capital Markets reduced their price objective on shares of Lycos Energy from C$3.50 to C$2.50 in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Lycos Energy has a consensus rating of "Hold" and a consensus target price of C$2.25.

Lycos Energy Stock Down 2.5%

The company has a market cap of C$63.35 million, a P/E ratio of -1.02 and a beta of 11.70. The business's 50 day moving average is C$1.25 and its 200 day moving average is C$1.55.

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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