Equities Analysts Issue Forecasts for Leucrotta Exploration Inc’s FY2017 Earnings (LXE)
Leucrotta Exploration Inc (CVE:LXE) – Equities researchers at Clarus Securities cut their FY2017 earnings estimates for Leucrotta Exploration in a research note issued to investors on Tuesday. Clarus Securities analyst D. Choi now expects that the oil and natural gas company will post earnings of ($0.03) per share for the year, down from their prior estimate of ($0.02).
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LXE has been the topic of several other reports. Eight Capital dropped their price target on Leucrotta Exploration from C$2.10 to C$1.80 in a research report on Wednesday. BMO Capital Markets set a C$2.25 price target on Leucrotta Exploration and gave the company a “market perform” rating in a research report on Wednesday, August 30th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of C$2.54.
In related news, insider Gmt Capital Corp bought 1,364,500 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were acquired at an average cost of C$1.22 per share, with a total value of C$1,664,690.00. Insiders acquired 1,397,500 shares of company stock worth $1,710,082 over the last three months.
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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