Leucrotta Exploration Receives a Hold from BMO Capital

By Austin Angelo

Wall Street analyst has provided a review for the Materials company on March 12, but retained the same rating on the stock. Analyst Ray Kwan from BMO Capital reiterated a Hold rating, with a C$1.75 price target on March 12.

According to TipRanks.com, Kwan is ranked 0 out of 5 stars with an average return of -7.2% and a 37.9% success rate. Kwan covers the Basic Materials sector, focusing on stocks such as Pengrowth Energy Corp, Enerplus Corp, and Encana Corp.

Currently, the analyst consensus on Leucrotta Exploration is Hold and the average price target is C$1.80, representing a 18.4% upside.

In a report issued on February 27, Canaccord Genuity also maintained a Hold rating on the stock with a C$1.85 price target.

Leucrotta Exploration’s market cap is currently C$298.7M and has a P/E ratio of 0.

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 Wednesday at C$1.52, close to its 52-week low of C$1.43.