Atb Cap Markets Reduces Earnings Estimates for Lycos Energy

Lycos Energy Inc. (CVE:LCX) – Atb Cap Markets cut their FY2024 earnings per share estimates for Lycos Energy in a research note issued to investors on Tuesday, January 7th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings per share of $0.30 for the year, down from their prior forecast of $0.31. The consensus estimate for Lycos Energy’s current full-year earnings is $0.50 per share. Atb Cap Markets also issued estimates for Lycos Energy’s Q4 2024 earnings at $0.07 EPS, Q1 2025 earnings at $0.08 EPS and Q3 2025 earnings at $0.10 EPS.

Separately, National Bankshares decreased their price objective on Lycos Energy from C$9.00 to C$7.50 in a report on Friday, September 27th.

Lycos Energy Stock Down 1.2 %

CVE LCX opened at C$2.53 on Thursday. The company has a 50 day moving average price of C$2.70 and a 200 day moving average price of C$2.96. Lycos Energy has a 52 week low of C$2.34 and a 52 week high of C$3.83. The firm has a market cap of C$134.62 million and a PE ratio of 13.32.

Lycos Energy Company Profile

Lycos Energy Inc, a junior resource company, engages in the development and production of petroleum and natural gas in Western Canada. The company operates heavy-oil development assets in the Gull Lake area of southwest Saskatchewan and heavy-oil assets in the Lloydminster area. Lycos Energy Inc is headquartered in Calgary, Canada.