National Bank Financial Forecasts Strong Price Appreciation for Lycos Energy (CVE:LCX) Stock

Lycos Energy (CVE:LCX) had its target price lifted by National Bank Financial from C$0.70 to C$2.50 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 27.55% from the stock’s current price.

Separately, Haywood Securities upgraded shares of Lycos Energy from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$1.50 to C$0.65 in a report on Monday, December 22nd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$1.73.

Lycos Energy Stock Up 4.3%

Lycos Energy stock opened at C$1.96 on Wednesday. The company has a market cap of C$104.35 million, a price-to-earnings ratio of -1.65 and a beta of 0.68. The firm’s fifty day moving average is C$1.41 and its 200 day moving average is C$1.17. Lycos Energy has a 52-week low of C$0.53 and a 52-week high of C$2.20.

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.