Leucrotta Exploration (LXE) Receives a Buy from Desjardins


Today, an analyst has provided a rating update for Leucrotta Exploration (LXE). The company received a Buy rating from Desjardins’ analyst Kristopher Zack, with a C$2.25 price target.

According to TipRanks.com, Zack ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -18.1% and a 19.2% success rate. Zack covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and Crescent Point Energy.

Currently, the analyst consensus on Leucrotta Exploration is a Moderate Buy with an average price target of C$2.19, which is an 87.2% upside from current levels. In a report issued on November 23, Raymond James also maintained a Buy rating on the stock with a C$2.45 price target.

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Based on Leucrotta Exploration’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$2.28 million. In comparison, last year the company had a GAAP net loss of C$1.55 million.

Leucrotta Exploration, Inc. engages in the oil and natural gas production, exploration and acquisition in the Dawson-Sunrise area of British Columbia. The company was founded on June 10, 2014 and is headquartered in Calgary, Canada.

The company’s shares closed on Thursday at C$1.17, equals to its 52-week low of C$1.17.

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