Lycos Energy (CVE:LCX) Shares Down 1.6% - Time to Sell?

Key Points

• Lycos Energy Inc. shares fell by 1.6% to C$1.21, with trading volume down 38% compared to average levels.
• Analyst ratings for Lycos Energy have shifted, with National Bankshares downgrading the stock from "outperform" to "sector perform" and lowering the price target from C$4.75 to C$2.00.
• Despite recent downgrades, one analyst maintains a Buy rating and the consensus rating for the stock is currently "Hold" with an average price target of C$2.25.

Lycos Energy Inc. (CVE:LCX - Get Free Report)'s stock price fell 1.6% during trading on Friday . The company traded as low as C$1.21 and last traded at C$1.21. 33,443 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 53,570 shares. The stock had previously closed at C$1.23.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LCX. National Bankshares lowered shares of Lycos Energy from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$4.75 to C$2.00 in a report on Tuesday, June 3rd. ATB Capital decreased their price target on shares of Lycos Energy from C$2.80 to C$2.25 and set an "outperform" rating on the stock in a report on Tuesday, June 3rd. National Bank Financial raised shares of Lycos Energy to a "hold" rating in a report on Friday, May 30th. Finally, BMO Capital Markets decreased their price target on shares of Lycos Energy from C$3.50 to C$2.50 in a report on Tuesday, June 3rd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Lycos Energy has a consensus rating of "Hold" and an average price target of C$2.25.

Lycos Energy Trading Down 1.6%

The company's fifty day moving average is C$1.25 and its 200 day moving average is C$1.57. The company has a market cap of C$64.42 million, a P/E ratio of -1.03 and a beta of 11.70.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.