National Bank Financial Issues Positive Forecast for Logan Energy (CVE:LGN) Stock Price

Logan Energy (CVE:LGN) had its price objective upped by research analysts at National Bank Financial from C$1.50 to C$1.75 in a research note issued on Tuesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 90.22% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Canadian Imperial Bank of Commerce upgraded Logan Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 11th. Scotiabank raised Logan Energy to a “strong-buy” rating in a research note on Friday, June 26th. Three equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus price target of C$1.32.

Logan Energy Stock Up 5.7%

Shares of Logan Energy stock traded up C$0.05 during mid-day trading on Tuesday, hitting C$0.92. The stock had a trading volume of 326,144 shares, compared to its average volume of 641,153. The firm has a 50-day moving average of C$0.90 and a two-hundred day moving average of C$0.87. The firm has a market cap of C$636.25 million, a P/E ratio of 23.00 and a beta of -0.06. Logan Energy has a 12-month low of C$0.56 and a 12-month high of C$1.03.

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.