Logan Energy Corp. (CVE:LGN) Receives Average Rating of “Buy” from Analysts

Shares of Logan Energy Corp. (CVE:LGN) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings 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 target among brokers that have updated their coverage on the stock in the last year is C$1.41.

A number of equities analysts have commented on LGN shares. Cormark raised shares of Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th. CIBC reduced 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 research report on Tuesday, October 8th. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, National Bankshares set a C$1.50 target price on Logan Energy and gave the company an “outperform” rating in a research report on Friday, October 4th.

Logan Energy Stock Down 2.7 %

CVE LGN opened at C$0.71 on Friday. The business’s fifty day simple moving average is C$0.74 and its 200-day simple 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.