Lycos Energy (CVE:LCX) Sets New 52-Week High – Still a Buy?

Lycos Energy Inc. (CVE:LCX)’s stock price reached a new 52-week high on Tuesday . The company traded as high as C$2.05 and last traded at C$1.99, with a volume of 136043 shares. The stock had previously closed at C$2.00.

Wall Street Analyst Weigh In

LCX has been the subject of a number of research analyst reports. National Bank Financial increased their price objective on shares of Lycos Energy from C$0.70 to C$2.50 and gave the stock a “sector perform” rating in a research report on Wednesday, April 1st. Haywood Securities raised shares of Lycos Energy from a “hold” rating to a “buy” rating and lowered their price objective for the stock from C$1.50 to C$0.65 in a research report on Monday, December 22nd. Two 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 company presently has an average rating of “Moderate Buy” and a consensus price target of C$1.73.

Lycos Energy Trading Down 1.0%

The company has a market capitalization of C$105.41 million, a price-to-earnings ratio of -1.66 and a beta of -0.07. The stock’s fifty day simple moving average is C$1.46 and its 200-day simple moving average is C$1.18.

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.