BMO Capital Keeps a Hold Rating on Leucrotta Exploration

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Leucrotta Exploration (TSXV: LXE). Analyst Randy Ollenberger from BMO Capital reiterated a Hold rating, with a C$2.25 price target yesterday.

According to TipRanks.com, Ollenberger is ranked 0 out of 5 stars with an average return of -11.2% and a 25.6% success rate. Ollenberger covers the Basic Materials sector, focusing on stocks such as Wildhorse Resource Development Corp, Sanchez Energy Corporation, and Spectra Energy Partners.

Leucrotta Exploration has an analyst consensus of Moderate Buy, with a price target consensus of C$2.92.

Based on Leucrotta Exploration’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$4.61 million and GAAP net loss of C$878K. In comparison, last year the company earned revenue of C$2.19 million and had a GAAP net loss of C$2.77 million.

Leucrotta Exploration, Inc. engages in the oil and natural gas production, exploration and acquisition in the Dawson-Sunrise area of British Columbia. The company was founded on June 10, 2014 and is headquartered in Calgary, Canada.

The company’s shares closed on Monday at $1.83.