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

Logan Energy Corp. (CVE:LGN) has received a consensus rating of “Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Five investment 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 objective among analysts that have updated their coverage on the stock in the last year is C$1.41.

LGN has been the subject of a number of recent research reports. CIBC decreased their target price on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating for the company in a report on Tuesday, October 8th. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd. Cormark raised Logan Energy to a “moderate buy” rating in a research report on Thursday, October 24th. Finally, National Bankshares set a C$1.50 target price on shares of Logan Energy and gave the company an “outperform” rating in a report on Friday, October 4th.

Logan Energy Stock Down 2.7 %

Logan Energy stock opened at C$0.71 on Friday. The company’s 50 day moving average is C$0.74 and its two-hundred day moving average is C$0.80. The firm has a market cap of C$379.16 million and a PE ratio of -89.50. Logan Energy has a 52-week low of C$0.66 and a 52-week high of C$0.97.

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.