Logan Energy Corp. (CVE:LGN) Given Average Recommendation of “Buy” by Analysts

Shares of Logan Energy Corp. (CVE:LGN) have been assigned a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$1.41.

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

Logan Energy Stock Performance

Logan Energy stock opened at C$0.79 on Monday. Logan Energy has a fifty-two week low of C$0.73 and a fifty-two week high of C$1.02. The company has a market capitalization of C$421.88 million and a PE ratio of -89.50. The company has a 50 day moving average price of C$0.81 and a 200-day moving average price of C$0.85.

About Logan Energy

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.