CIBC Increases Leucrotta Exploration (LXE) Price Target to C$2.00

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Leucrotta Exploration (CVE:LXE) had its target price increased by analysts at CIBC from C$1.80 to C$2.00 in a note issued to investors on Tuesday. CIBC’s target price would suggest a potential upside of 3.09% from the stock’s current price.

Several other research analysts have also issued reports on the stock. Eight Capital increased their price target on shares of Leucrotta Exploration from C$1.60 to C$2.00 in a research note on Thursday, April 26th. Raymond James increased their price target on shares of Leucrotta Exploration from C$2.15 to C$2.25 and gave the stock an “outperform” rating in a research note on Thursday, April 26th. National Bank Financial decreased their price target on shares of Leucrotta Exploration from C$2.25 to C$2.00 and set an “outperform” rating for the company in a research note on Thursday, April 26th. Finally, Canaccord Genuity increased their price target on shares of Leucrotta Exploration from C$1.85 to C$2.00 in a research note on Thursday, April 26th.

Shares of Leucrotta Exploration stock traded up C$0.03 during trading on Tuesday, hitting C$1.94. The company’s stock had a trading volume of 39,600 shares, compared to its average volume of 144,829. Leucrotta Exploration has a 52 week low of C$1.40 and a 52 week high of C$2.12.

Leucrotta Exploration (CVE:LXE) last issued its quarterly earnings results on Wednesday, April 25th. The oil and natural gas company reported C($0.03) earnings per share (EPS) for the quarter. The business had revenue of C$9.59 million during the quarter. Leucrotta Exploration had a negative return on equity of 2.08% and a negative net margin of 28.53%.

In other Leucrotta Exploration news, insider Gmt Capital Corp purchased 26,820 shares of the firm’s stock in a transaction that occurred on Tuesday, April 17th. The stock was bought at an average cost of C$1.36 per share, for a total transaction of C$36,475.20. Over the last quarter, insiders purchased 42,320 shares of company stock valued at $60,100.

About Leucrotta Exploration

Leucrotta Exploration Inc engages in the exploration, development, and production of oil and natural gas reserves in Canada. As of April 6, 2017, the company had interests in approximately 100,500 gross acres of undeveloped land in the Dawson-Sunrise area of northeast British Columbia. Leucrotta Exploration Inc was incorporated in 2014 and is headquartered in Calgary, Canada.

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