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

Logan Energy Corp. (CVE:LGN) has earned an average rating of “Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$1.41.

Several research analysts have commented on LGN shares. CIBC cut their target price on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. Cormark raised Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th. National Bank Financial raised shares of Logan Energy to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, National Bankshares set a C$1.50 price target on shares of Logan Energy and gave the stock an “outperform” rating in a research report on Friday, October 4th.

Logan Energy Stock Performance

LGN stock opened at C$0.72 on Friday. Logan Energy has a 52-week low of C$0.66 and a 52-week high of C$0.97. The company has a market capitalization of C$384.50 million and a P/E ratio of -89.50. The company has a fifty day moving average price of C$0.74 and a 200-day moving average price of C$0.80.

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.