Raymond James Cuts Leucrotta Exploration (LXE) Price Target to C$2.45

Leucrotta Exploration (CVE:LXE) had its target price lowered by Raymond James from C$2.75 to C$2.45 in a research note issued to investors on Friday morning.

Separately, CIBC increased their target price on Leucrotta Exploration from C$1.80 to C$2.00 in a research report on Tuesday, June 19th.

Leucrotta Exploration stock opened at C$1.82 on Friday. Leucrotta Exploration has a 12 month low of C$1.40 and a 12 month high of C$2.12.

Leucrotta Exploration (CVE:LXE) last posted its earnings results on Wednesday, August 29th. The oil and natural gas company reported C($0.01) EPS for the quarter. The firm had revenue of C$7.33 million during the quarter, compared to the consensus estimate of C$7.27 million. Leucrotta Exploration had a negative net margin of 28.53% and a negative return on equity of 2.08%.

In other news, insider Gmt Capital Corp sold 36,620 shares of the firm’s stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of C$1.44, for a total transaction of C$52,732.80.

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.

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