Leucrotta Exploration Inc to Post FY2018 Earnings of ($0.01) Per Share, Clarus Securities Forecasts (CVE:LXE)
Leucrotta Exploration Inc (CVE:LXE) – Equities researchers at Clarus Securities issued their FY2018 earnings per share estimates for shares of Leucrotta Exploration in a research note issued on Thursday. Clarus Securities analyst D. Choi expects that the oil and natural gas company will earn ($0.01) per share for the year. Clarus Securities has a “Buy” rating on the stock.
Leucrotta Exploration (CVE:LXE) last announced its earnings results on Tuesday, May 30th. The oil and natural gas company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The company had revenue of $4.88 million for the quarter, compared to analysts’ expectations of $4.56 million. Leucrotta Exploration had a negative return on equity of 1.57% and a negative net margin of 19.03%.
Separately, Raymond James Financial, Inc. cut their price target on Leucrotta Exploration from C$3.00 to C$2.90 and set an “outperform” rating on the stock in a research note on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$2.69.
About Leucrotta Exploration
Leucrotta Exploration Inc is an oil and natural gas company. The Company is engaged in the acquisition, development, exploration and production of oil and natural gas reserves in northeastern British Columbia, Canada. The Company’s primary areas of focus are in the Dawson-Sunrise area of northeast British Columbia.
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