Logan Energy Corp. (CVE:LGN) Receives C$1.41 Average Target Price from Analysts

Logan Energy Corp. (CVE:LGN) has received a consensus recommendation of “Buy” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$1.41.

Several research firms recently issued reports on LGN. CIBC cut their price target on shares of Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, National Bankshares set a C$1.50 price objective on Logan Energy and gave the company an “outperform” rating in a research note on Friday, October 4th.

Logan Energy Trading Up 1.4 %

Logan Energy stock opened at C$0.70 on Tuesday. Logan Energy has a 52 week low of C$0.69 and a 52 week high of C$0.97. The stock has a market cap of C$373.82 million and a P/E ratio of -89.50. The stock has a 50 day moving average of C$0.77 and a 200-day moving average of C$0.82.

Logan Energy Company Profile

Logan Energy Corp. engages in the exploration, development and production of crude oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in northeastern British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada.