Raymond James Reiterates C$1.25 Price Target for Leucrotta Exploration (LXE)

Leucrotta Exploration (CVE:LXE) has been assigned a C$1.25 price objective by equities researchers at Raymond James in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the oil and natural gas company’s stock. Raymond James’ price objective points to a potential upside of 38.89% from the stock’s previous close.

Several other brokerages have also recently commented on LXE. Cormark lowered their price target on Leucrotta Exploration from C$2.25 to C$2.00 in a research note on Tuesday, April 23rd. CIBC lowered their price target on Leucrotta Exploration from C$1.60 to C$1.25 in a research note on Friday, February 1st. Haywood Securities lowered their price target on Leucrotta Exploration from C$3.50 to C$2.50 in a research note on Thursday, January 17th. Finally, GMP Securities raised Leucrotta Exploration from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th.

Shares of CVE LXE opened at C$0.90 on Wednesday. The company has a market capitalization of $172.45 million and a P/E ratio of -33.20. Leucrotta Exploration has a 52 week low of C$0.81 and a 52 week high of C$2.08. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.23 and a quick ratio of 0.62.

Leucrotta Exploration Company Profile

Leucrotta Exploration Inc operates as an oil and natural gas company. The company acquires, explores for, develops, and produces oil and natural gas reserves in northeastern British Columbia, Canada. It holds interest in approximately 100,500 gross acres of Montney land in Doe/Mica. Leucrotta Exploration Inc was incorporated in 2014 and is based in Calgary, Canada.

Recommended Story: Put Option

Receive News & Ratings for Leucrotta Exploration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leucrotta Exploration and related companies with MarketBeat.com's FREE daily email newsletter.