The stock of Lucas Energy, Inc. (NYSEMKT:LEI) is a huge mover today! The stock increased 29.41% or $0.5 during the last trading session, hitting $2.2. About 4.15 million shares traded hands or 2154.88% up from the average. Lucas Energy, Inc. (NYSEMKT:LEI) has declined 49.10% since March 16, 2016 and is downtrending. It has underperformed by 54.64% the S&P500.
The move comes after 7 months positive chart setup for the $34.86 million company. It was reported on Oct, 19 by Barchart.com. We have $6.53 PT which if reached, will make NYSEMKT:LEI worth $68.67M more.
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 Streetinsider.com‘s news article titled: “Form 8-K LUCAS ENERGY, INC. For: Oct 07” with publication date: October 12, 2016.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.