Lycos Energy (CVE:LCX) Raised to Buy at Haywood Securities

Lycos Energy (CVE:LCX) was upgraded by equities research analysts at Haywood Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, Marketbeat reports. The firm presently has a C$0.65 price target on the stock, down from their previous price target of C$1.50. Haywood Securities’ price target would suggest a potential upside of 16.07% from the company’s previous close.

Separately, BMO Capital Markets lowered shares of Lycos Energy from an “outperform” rating to a “hold” rating and cut their target price for the company from C$2.50 to C$1.50 in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$1.60.

Lycos Energy Stock Up 1.8%

CVE:LCX opened at C$0.56 on Monday. The stock’s 50 day moving average price is C$1.12 and its two-hundred day moving average price is C$1.22. Lycos Energy has a 12-month low of C$0.53 and a 12-month high of C$2.80. The firm has a market capitalization of C$29.81 million, a price-to-earnings ratio of -0.47 and a beta of 11.70.

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.