National Bankshares Lowers Lycos Energy (CVE:LCX) Price Target to C$7.50

Lycos Energy (CVE:LCX) had its price objective decreased by research analysts at National Bankshares from C$9.00 to C$7.50 in a research note issued on Friday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 163.16% from the stock’s previous close.

Lycos Energy Stock Performance

Shares of LCX opened at C$2.85 on Friday. The stock has a market capitalization of C$151.65 million and a price-to-earnings ratio of 15.00. The stock has a 50 day moving average price of C$3.10. Lycos Energy has a 1 year low of C$2.65 and a 1 year high of C$4.10.

Lycos Energy (CVE:LCX) last issued its earnings results on Thursday, August 22nd. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.12 by C$0.07. The business had revenue of C$39.72 million during the quarter, compared to analyst estimates of C$40.50 million. Lycos Energy had a return on equity of 7.16% and a net margin of 9.90%. As a group, equities research analysts anticipate that Lycos Energy will post 0.5 EPS for the current year.