Leucrotta Exploration (CVE:LXE) Price Target Lowered to C$0.35 at Raymond James

Leucrotta Exploration (CVE:LXE) had its price target trimmed by Raymond James from C$0.50 to C$0.35 in a research note released on Wednesday morning, BayStreet.CA reports. The firm currently has a market perform rating on the oil and natural gas company’s stock.

Several other equities analysts have also recently issued reports on LXE. Canaccord Genuity boosted their target price on shares of Leucrotta Exploration from C$0.70 to C$0.80 in a research note on Tuesday, January 14th. Beacon Securities reissued a buy rating on shares of Leucrotta Exploration in a report on Wednesday, November 27th. Royal Bank of Canada reduced their target price on Leucrotta Exploration from C$0.85 to C$0.40 in a report on Monday, March 16th. Finally, National Bank Financial downgraded Leucrotta Exploration from an outperform rating to a sector perform rating and reduced their target price for the company from C$1.00 to C$0.50 in a report on Tuesday, March 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Leucrotta Exploration has an average rating of Hold and an average target price of C$0.86.

LXE stock traded down C$795,440.73 during trading on Wednesday, hitting C$0.27. 1,058,281 shares of the company’s stock traded hands, compared to its average volume of 140,924. Leucrotta Exploration has a 52 week low of C$0.15 and a 52 week high of C$0.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.18 and a current ratio of 1.65. The business has a fifty day simple moving average of C$0.51 and a 200 day simple moving average of C$0.60. The stock has a market capitalization of $50.13 million and a price-to-earnings ratio of 135.00.

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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Analyst Recommendations for Leucrotta Exploration (CVE:LXE)

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