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

Logan Energy Corp. (CVE:LGN) has been given an average recommendation of “Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$1.58.

A number of research analysts recently commented on LGN shares. CIBC upped their target price on Logan Energy from C$1.50 to C$1.75 in a research note on Monday, July 15th. Scotiabank upgraded shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 14th. Finally, BMO Capital Markets set a C$1.25 target price on shares of Logan Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th.

Logan Energy Stock Down 2.3 %

Logan Energy stock opened at C$0.85 on Friday. Logan Energy has a 12 month low of C$0.73 and a 12 month high of C$1.24. The business has a 50 day moving average price of C$0.87 and a two-hundred day moving average price of C$0.86.

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.