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

Logan Energy Corp. (CVE:LGN) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$1.41.

A number of research firms have weighed in on LGN. Cormark raised Logan Energy to a “moderate buy” rating in a report on Thursday, October 24th. CIBC dropped their target price 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 target price on shares of Logan Energy and gave the stock an “outperform” rating in a report on Friday, October 4th. Finally, National Bank Financial raised shares of Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd.

Logan Energy Price Performance

Shares of CVE:LGN opened at C$0.72 on Friday. The company has a 50-day moving average price of C$0.74 and a two-hundred day moving average price of C$0.81. Logan Energy has a twelve month low of C$0.66 and a twelve month high of C$0.97. The firm has a market capitalization of C$384.50 million and a PE ratio of -89.50.

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.