Logan Energy Corp. (CVE:LGN) Receives C$1.50 Average Price Target from Analysts

Logan Energy Corp. (CVE:LGN) has been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$1.50.

LGN has been the subject of a number of research reports. CIBC boosted their target price on shares of Logan Energy from C$1.50 to C$1.75 in a research note on Monday, July 15th. Scotiabank upgraded Logan Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 14th.

Logan Energy Stock Performance

CVE:LGN opened at C$0.82 on Friday. The stock has a market capitalization of C$381.74 million and a PE ratio of -89.50. Logan Energy has a fifty-two week low of C$0.76 and a fifty-two week high of C$1.10. The company has a fifty day moving average of C$0.87 and a two-hundred day moving average of C$0.87.

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.