Lycos Energy (CVE:LCX) Price Target Raised to C$2.50

Lycos Energy (CVE:LCX) had its target price increased by National Bank Financial from C$0.70 to C$2.50 in a research report released on Wednesday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Separately, Haywood Securities upgraded shares of Lycos Energy from a “hold” rating to a “buy” rating and lowered their price target for the company from C$1.50 to C$0.65 in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$1.73.

Lycos Energy Price Performance

Shares of LCX stock opened at C$1.96 on Wednesday. The stock’s 50-day moving average is C$1.44 and its 200 day moving average is C$1.18. Lycos Energy has a 1-year low of C$0.53 and a 1-year high of C$2.20. The company has a market cap of C$104.35 million, a P/E ratio of -1.65 and a beta of 0.68.

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.