The stock of Lucas Energy, Inc. (NYSEMKT:LEI) is a huge mover today! About 547,933 shares traded hands or 375.96% up from the average. Lucas Energy, Inc. (NYSEMKT:LEI) has declined 43.91% since March 9, 2016 and is downtrending. It has underperformed by 51.32% the S&P500.
The move comes after 8 months negative chart setup for the $33.90 million company. It was reported on Oct, 12 by Barchart.com. We have $2.12 PT which if reached, will make NYSEMKT:LEI worth $3.39M less.
Analysts await Lucas Energy, Inc. (NYSEMKT:LEI) to report earnings on November, 21.
According to Zacks Investment Research, “Lucas Energy, Inc. is an independent oil and gas company building a diversified portfolio of valuable oil and gas assets in the United States. The company is focused on identifying underperforming oil and gas assets, which are revitalized through a meticulous process of evaluation, application of modern well technology, and stringent management controls. This process allows the company to increase its asset base and cash flow, while significantly reducing the risk of traditional exploration projects.”
More notable recent Lucas Energy, Inc. (NYSEMKT:LEI) news were published by: Prnewswire.com which released: “Lucas Energy Announces Fiscal 2017 First Quarter Results” on August 12, 2016, also Prnewswire.com with their article: “Lucas Energy Announces Special Meeting Of Stockholders” published on July 29, 2016, Prnewswire.com published: “Lucas Energy Announces 1-for-25 Reverse Stock Split” on July 02, 2015. More interesting news about Lucas Energy, Inc. (NYSEMKT:LEI) were released by: Thestreet.com and their article: “Lucas Energy (LEI) Stock Continues to Climb Following Acquisition” published on January 05, 2016 as well as Bizjournals.com‘s news article titled: “Exclusive: Lucas Energy buys up Oklahoma assets” with publication date: December 31, 2015.
LEI Company Profile
Lucas Energy, Inc. (Lucas Energy), incorporated on December 16, 2003, is an independent oil and natural gas company. The Firm is engaged in the acquisition and development of natural gas and crude oil from various known productive geological formations, including the Austin Chalk and Eagle Ford formations, primarily in Gonzales, Wilson and Karnes Counties, south of the city of San Antonio, Texas. As of March 31, 2016, the Company had leasehold interests (working interests) in approximately 8,395 gross acres or 8,309 net acres. The Company’s total net developed and undeveloped acreage as measured from the surface to the base of the Austin Chalk formation is approximately 8,309 net acres. In deeper formations, it had approximately 1,909 net acres in the Eagle Ford oil window.
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