Leucrotta Exploration (LXE) Gets a Hold Rating from CIBC

By Ryan Adsit

In a new note to investors yesterday, an analyst has provided a rating update for Leucrotta Exploration (LXEResearch Report). The company received a Hold rating from CIBC’s analyst Jamie Kubik, with a C$1.60 price target.

According to TipRanks.com, Kubik ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -16.9% and a 24.6% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.

Currently, the analyst consensus on Leucrotta Exploration is a Moderate Buy with an average price target of C$2.55.

Leucrotta Exploration’s market cap is currently C$234.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.79.

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 Thursday at C$1.16.