National Bankshares Issues Pessimistic Forecast for Lycos Energy (CVE:LCX) Stock Price

Lycos Energy (CVE:LCX) had its price objective cut by National Bankshares from C$5.25 to C$4.75 in a report issued on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Lycos Energy Trading Down 1.6 %

Shares of LCX opened at C$2.44 on Thursday. The stock’s 50 day moving average is C$2.61 and its two-hundred day moving average is C$2.87. Lycos Energy has a twelve month low of C$2.28 and a twelve month high of C$3.83. The firm has a market capitalization of C$129.83 million and a PE ratio of 12.84.

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.