Share on StockTwits

Long Run Exploration (TSE:LRE) has received an average rating of “Buy” from the eight brokerages that are covering the stock, American Banking News reports. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$7.14.

Long Run Exploration (TSE:LRE) opened at 5.78 on Tuesday. Long Run Exploration has a 1-year low of $3.90 and a 1-year high of $6.09. The stock has a 50-day moving average of $5.62 and a 200-day moving average of $5.40. The company has a market cap of $728.3 million and a P/E ratio of 23.36.

Long Run Exploration (TSE:LRE) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.10 by $0.05. Analysts expect that Long Run Exploration will post $0.37 EPS for the current fiscal year.

The company also recently declared a jul 14 dividend, which is scheduled for Thursday, August 14th. Investors of record on Thursday, July 31st will be given a dividend of $0.035 per share. This represents a yield of 7.65%. The ex-dividend date of this dividend is Tuesday, July 29th.

Several analysts have recently commented on the stock. Analysts at CIBC cut their price target on shares of Long Run Exploration from C$6.75 to C$6.50 in a research note on Thursday, July 17th. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Long Run Exploration in a research note on Tuesday, June 17th. Finally, analysts at TD Securities cut their price target on shares of Long Run Exploration from C$7.50 to C$7.00 in a research note on Monday, June 16th. They now have a “buy” rating on the stock.

Long Run Exploration, Ltd. is an intermediate oil company focused on light-oil development and exploration in western Canada.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.