Logan Energy Corp. (CVE:LGN) Receives Consensus Rating of “Buy” from Brokerages

Logan Energy Corp. (CVE:LGN) has earned an average rating of “Buy” from the seven ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$1.41.

LGN has been the subject of several recent analyst reports. CIBC reduced their price target on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating for the company in a report on Tuesday, October 8th. National Bankshares set a C$1.50 price target on Logan Energy and gave the stock an “outperform” rating in a research report on Friday, October 4th. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Cormark upgraded Logan Energy to a “moderate buy” rating in a report on Thursday, October 24th.

Logan Energy Trading Up 5.3 %

Logan Energy stock opened at C$0.79 on Friday. Logan Energy has a twelve month low of C$0.73 and a twelve month high of C$0.97. The stock has a 50 day moving average of C$0.78 and a two-hundred day moving average of C$0.84. The stock has a market capitalization of C$421.88 million and a price-to-earnings ratio of -89.50.

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.