BMO Capital Markets Downgrades Lycos Energy (CVE:LCX) to Hold

Key Points

• BMO Capital Markets downgraded Lycos Energy from an "outperform" to a "market perform" rating, reducing the price objective from C$2.50 to C$1.50.
• Lycos Energy's shares remained flat at C$1.34, with a current market capitalization of C$71.34 million and a P/E ratio of -1.15.
• The company's 12-month trading range shows a low of C$1.17 and a high of C$2.99, reflecting significant volatility in its stock performance.

Lycos Energy (CVE:LCX - Get Free Report) was downgraded by equities research analysts at BMO Capital Markets from an "outperform" rating to a "hold" rating in a report released on Thursday, MarketBeat.com reports. They presently have a C$1.50 target price on the stock, down from their previous target price of C$2.50. BMO Capital Markets' price target indicates a potential upside of 11.94% from the stock's previous close.

Lycos Energy Stock Performance

LCX stock opened at C$1.34 on Thursday. Lycos Energy has a one year low of C$1.17 and a one year high of C$2.99. The firm's 50 day moving average price is C$1.24 and its 200-day moving average price is C$1.47. The firm has a market cap of C$71.34 million, a PE ratio of -1.15 and a beta of 11.70.

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.