Long Run Exploration (TSE:LRE) was downgraded by National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued on Monday. They currently have a C$1.25 target price on the stock, down from their previous target price of C$3.00. National Bank Financial’s price objective indicates a potential downside of 0.79% from the company’s current price.
In other Long Run Exploration news, insider Corine Renae Knight Bushfield purchased 32,000 shares of Long Run Exploration stock in a transaction dated Wednesday, January 14th. The shares were purchased at an average price of C$1.20 per share, for a total transaction of C$38,400.00.
Other equities research analysts have also recently issued reports about the stock. Analysts at Dundee Securities downgraded shares of Long Run Exploration from a “neutral” rating to a “sell” rating and lowered their price target for the stock from C$1.75 to C$0.50 in a research note on Monday. Analysts at CIBC lowered their price target on shares of Long Run Exploration from C$3.50 to C$1.60 and set a “sector perform” rating on the stock in a research note on Monday, January 19th. Analysts at Canaccord Genuity lowered their price target on shares of Long Run Exploration from C$2.00 to C$1.50 in a research note on Friday, January 16th. Finally, analysts at BMO Capital Markets downgraded shares of Long Run Exploration from a “market perform” rating to an “underperform” rating in a research note on Friday, January 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a strong buy rating to the company’s stock. Long Run Exploration presently has an average rating of “Hold” and an average price target of C$2.76.
Shares of Long Run Exploration (TSE:LRE) traded down 14.29% on Monday, hitting $1.08. 2,817,538 shares of the company’s stock traded hands. Long Run Exploration has a 1-year low of $1.13 and a 1-year high of $6.09. The stock’s 50-day moving average is $1.40 and its 200-day moving average is $3.62. The company has a market cap of $209.0 million and a price-to-earnings ratio of 3.00.
The company also recently announced a Monthly dividend, which will be paid on Friday, February 13th. Shareholders of record on Friday, February 13th will be paid a dividend of $0.0175 per share. This represents a dividend yield of 16.03%. The ex-dividend date is Wednesday, January 28th.
Long Run Exploration, Ltd. is an intermediate oil company focused on light-oil development and exploration in western Canada. The Company’s projects are focused on evolving plays from conceptual to testing into scale development. The Company is focused in three areas in Alberta, such as Triassic oil, Duvernay, and Carbonate oil.