Lycos Energy (CVE:LCX) Raised to “Outperform” at National Bank Financial

Lycos Energy (CVE:LCX) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a report released on Thursday,BayStreet.CA reports. The firm currently has a C$3.00 price target on the stock, up from their previous price target of C$2.50. National Bank Financial’s price objective would indicate a potential upside of 28.21% from the stock’s current price.

Lycos Energy Price Performance

Shares of LCX traded up C$0.05 on Thursday, hitting C$2.34. The company’s stock had a trading volume of 442,605 shares, compared to its average volume of 424,315. The company has a market capitalization of C$252.76 million, a PE ratio of -2.52 and a beta of -0.07. Lycos Energy has a fifty-two week low of C$0.53 and a fifty-two week high of C$2.37. The company has a 50 day moving average price of C$1.73 and a 200 day moving average price of C$1.26.

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.