Logan Energy (CVE:LGN) Price Target Cut to C$1.75 by Analysts at Scotiabank

Logan Energy (CVE:LGN) had its target price lowered by equities researchers at Scotiabank from C$1.85 to C$1.75 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 143.06% from the stock’s previous close.

LGN has been the subject of several other reports. National Bankshares set a C$1.50 target price on shares of Logan Energy and gave the company an “outperform” rating in a research report on Friday, October 4th. National Bank Financial upgraded shares of Logan Energy to a “strong-buy” rating in a research report on Thursday, October 3rd. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a research report on Thursday, October 24th. Finally, CIBC lowered their price objective on shares of Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$1.45.

Logan Energy Price Performance

CVE LGN remained flat at C$0.72 during trading on Friday. 21,003 shares of the company’s stock were exchanged, compared to its average volume of 418,209. The stock has a market cap of C$384.50 million and a price-to-earnings ratio of -89.50. Logan Energy has a 52-week low of C$0.66 and a 52-week high of C$0.97. The company has a 50 day moving average of C$0.74 and a 200 day moving average of C$0.80.

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.