Microcap Stock News
In microcap energy stock news, on February 27th, 2012 equities research analysts at Sidoti & Company LLC started coverage on shares of Lucas Energy (NYSE: LEI) in a research note issued to investors on Monday. Sidoti & Company, a microcap equity research firm set a “BUY” rating on LEI stock.
Lucas Energy, Inc. (http://www.LucasEnergy.com) is an independent oil and gas company based in Houston, Texas with approximately 12,500 gross acres (10,400 acres net) of oil and gas leases in South Texas primarily in the Gonzales County and Wilson County, Texas.
The Company is engaged in the exploration and production of oil and natural gas. It holds oil and gas interests in the Austin Chalk formation, Buda formation and Eagle Ford Shale formation.
As of March 31, 2010, Lucas operated 30 wells that produced approximately 190-200 barrels of oil per day (BOPD) gross. During the fiscal year ended March 31, 2010 (fiscal 2010), its oil production sales totaled 27,833 barrel oil equivalent. In July 2009, the Company began the LEI 2009-II capital program.
Shares of Lucas Energy traded up 5.28% during mid-day trading on Monday, hitting $3.19. Lucas Energy has a one year low of $1.04 and a one year high of $5.23. The stock’s 50-day moving average is $2.53 and its 200-day moving average is $2.0. The company’s market cap is $59 million.