Beacon Securities Weighs in on Leucrotta Exploration Inc’s Q3 2016 Earnings (LXE)
Leucrotta Exploration Inc (CVE:LXE) – Equities researchers at Beacon Securities reduced their Q3 2016 earnings estimates for Leucrotta Exploration in a research report issued on Wednesday. Beacon Securities analyst K. Wilson now expects that the firm will post earnings per share of ($0.03) for the quarter, down from their prior estimate of ($0.01). Beacon Securities also issued estimates for Leucrotta Exploration’s FY2016 earnings at ($0.07) EPS.
Several other equities analysts also recently commented on the company. Raymond James Financial Inc. upped their price objective on Leucrotta Exploration from C$2.50 to C$2.65 and gave the company an “outperform” rating in a research note on Tuesday. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$3.00 price objective on shares of Leucrotta Exploration in a research note on Thursday, November 24th. RBC Capital Markets set a C$3.00 price objective on Leucrotta Exploration and gave the company an “outperform” rating in a research note on Friday, September 30th. Desjardins upped their price objective on Leucrotta Exploration from C$2.00 to C$2.25 and gave the company a “buy” rating in a research note on Friday, August 19th. Finally, Canaccord Genuity upped their price objective on Leucrotta Exploration from C$1.75 to C$2.25 and gave the company a “hold” rating in a research note on Friday, August 19th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$2.31.
Leucrotta Exploration Company Profile
Leucrotta Exploration Inc is an oil and natural gas company. The Company is engaged in the acquisition, development, exploration and production of oil and natural gas reserves in northeastern British Columbia, Canada. The Company’s primary areas of focus are in the Dawson-Sunrise area of northeast British Columbia.
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