Leucrotta Exploration Inc (CVE:LXE) - Cormark issued their FY2017 earnings per share estimates for shares of Leucrotta Exploration in a research report issued to clients and investors on Friday. Cormark analyst A. Arif forecasts that the oil and natural gas company will post earnings per share of ($0.01) for the year. Cormark also issued estimates for Leucrotta Exploration’s Q4 2017 earnings at $0.00 EPS, Q1 2018 earnings at $0.00 EPS, Q2 2018 earnings at $0.00 EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.00 EPS, FY2018 earnings at $0.01 EPS and FY2019 earnings at $0.04 EPS.
Other equities analysts have also recently issued reports about the company. Clarus Securities reiterated a “buy” rating on shares of Leucrotta Exploration in a research report on Friday, April 28th. Raymond James Financial, Inc. lowered their price target on Leucrotta Exploration from C$3.00 to C$2.90 and set an “outperform” rating on the stock in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Leucrotta Exploration currently has an average rating of “Buy” and an average target price of C$2.69.
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Leucrotta Exploration (CVE:LXE) last posted its earnings results on Tuesday, May 30th. The oil and natural gas company reported ($0.01) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.01). The company had revenue of $4.88 million for the quarter, compared to the consensus estimate of $4.56 million. Leucrotta Exploration had a negative return on equity of 1.57% and a negative net margin of 19.03%.
About Leucrotta Exploration
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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