Lycos Energy (CVE:LCX) Upgraded at Haywood Securities

Haywood Securities upgraded shares of Lycos Energy (CVE:LCX) from a hold rating to a buy rating in a report published on Monday, MarketBeat Ratings reports. The firm currently has C$0.65 price objective on the stock, down from their previous price objective of C$1.50.

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

Lycos Energy Stock Up 1.8%

Shares of Lycos Energy stock opened at C$0.56 on Monday. The company has a market capitalization of C$29.81 million, a price-to-earnings ratio of -0.47 and a beta of 11.70. The stock’s 50-day simple moving average is C$1.10 and its 200-day simple moving average is C$1.21. Lycos Energy has a 52 week low of C$0.53 and a 52 week high of C$2.80.

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.