FY2018 EPS Estimates for Leucrotta Exploration Inc (LXE) Lifted by Clarus Securities
Leucrotta Exploration Inc (CVE:LXE) – Equities researchers at Clarus Securities raised their FY2018 earnings estimates for shares of Leucrotta Exploration in a research report issued on Tuesday. Clarus Securities analyst D. Choi now expects that the oil and natural gas company will post earnings per share of $0.00 for the year, up from their previous estimate of ($0.01).
LXE has been the subject of a number of other reports. Raymond James Financial, Inc. reduced their price objective on shares of Leucrotta Exploration from C$3.00 to C$2.90 and set an “outperform” rating for the company in a research report on Friday, June 2nd. BMO Capital Markets set a C$2.25 target price on shares of Leucrotta Exploration and gave the company a “market perform” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Leucrotta Exploration has a consensus rating of “Buy” and a consensus target price of C$2.79.
Leucrotta Exploration (CVE:LXE) last announced its quarterly earnings results on Tuesday, May 30th. The oil and natural gas company reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). Leucrotta Exploration had a negative return on equity of 1.57% and a negative net margin of 19.03%. The company had revenue of $4.88 million during the quarter, compared to analysts’ expectations of $4.56 million.
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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