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The latest update is out from Samoth Oilfield ( (TSE:LCX) ).
Lycos Energy Inc. reported a significant improvement in its financial performance for the first quarter of 2025, with a 12% increase in petroleum and natural gas sales and a 30% rise in adjusted funds flow from operations compared to the previous year. Despite these positive results, the company has decided to terminate its strategic review process and suspend its capital expenditures program due to the current low and volatile commodity price environment, focusing instead on maintaining financial discipline and operational stability.
The most recent analyst rating on (TSE:LCX) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Samoth Oilfield stock, see the TSE:LCX Stock Forecast page.
More about Samoth Oilfield
Lycos Energy Inc. is an oil-focused exploration, development, and production company based in Calgary, Alberta. The company operates high-quality assets and is primarily engaged in the petroleum and natural gas industry.
Average Trading Volume: 38,215
Technical Sentiment Signal: Sell
Current Market Cap: C$93.17M
See more insights into LCX stock on TipRanks’ Stock Analysis page.