Research Analysts Issue Forecasts for Leucrotta Exploration Inc.’s Q2 2018 Earnings (LXE)
Leucrotta Exploration Inc. (CVE:LXE) – Equities research analysts at Cormark decreased their Q2 2018 earnings per share (EPS) estimates for Leucrotta Exploration in a research report issued to clients and investors on Thursday. Cormark analyst A. Arif now forecasts that the oil and natural gas company will earn $0.00 per share for the quarter, down from their prior forecast of $0.01.
Several other brokerages have also recently weighed in on LXE. Eight Capital reduced their price target on Leucrotta Exploration from C$2.10 to C$1.80 in a research note on Wednesday, October 25th. BMO Capital Markets set a C$2.00 price target on Leucrotta Exploration and gave the stock a “market perform” rating in a research note on Wednesday, October 25th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Leucrotta Exploration has a consensus rating of “Buy” and an average price target of C$2.54.
In related news, insider Gmt Capital Corp bought 1,364,500 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were acquired at an average cost of C$1.22 per share, with a total value of C$1,664,690.00.
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