Leucrotta Exploration (CVE:LXE) PT Lowered to C$0.80 at CIBC

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Leucrotta Exploration (CVE:LXE) had its price objective trimmed by CIBC from C$1.25 to C$0.80 in a research note released on Thursday morning, BayStreet.CA reports.

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada reaffirmed a buy rating and issued a $2.50 target price on shares of in a research report on Thursday. GMP Securities reaffirmed a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research report on Friday, June 28th. National Bank Financial dropped their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating on the stock in a research report on Tuesday, June 25th. Raymond James reaffirmed an outperform rating and issued a $36.00 target price on shares of Zymeworks in a research report on Thursday, May 30th. Finally, Cormark dropped their target price on Prairie Provident Resources from C$0.45 to C$0.40 in a research report on Tuesday, April 23rd.

LXE stock opened at C$0.74 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.29 and a current ratio of 1.55. The firm has a market cap of $148.39 million and a price-to-earnings ratio of -33.20. Leucrotta Exploration has a 12-month low of C$0.70 and a 12-month high of C$1.99. The firm’s 50 day moving average price is C$0.85.

Leucrotta Exploration (CVE:LXE) last issued its earnings results on Wednesday, May 29th. The oil and natural gas company reported C$0.01 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.01. The company had revenue of C$8.10 million during the quarter, compared to analyst estimates of C$9.35 million. On average, equities research analysts forecast that Leucrotta Exploration will post 0.01 earnings per share for the current fiscal year.

In other news, Senior Officer Robert John Zakresky sold 100,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of C$0.81, for a total transaction of C$81,000.00. Following the transaction, the insider now directly owns 5,232,720 shares of the company’s stock, valued at C$4,238,503.20. Also, Senior Officer Richard Douglas Sereda sold 50,000 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of C$0.86, for a total value of C$43,100.00. Following the transaction, the insider now directly owns 851,706 shares in the company, valued at C$734,170.57.

Leucrotta Exploration Company Profile

Leucrotta Exploration Inc operates as an oil and natural gas company. The company acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. It holds interest in approximately 100,500 gross acres of Montney land in Doe/Mica. Leucrotta Exploration Inc was incorporated in 2014 and is based in Calgary, Canada.

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