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

Logan Energy Corp. (CVE:LGN) has been given an average recommendation of “Buy” by the six analysts that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$1.50.

LGN has been the subject of several research reports. National Bank Financial upgraded shares of Logan Energy to a “strong-buy” rating in a research report on Thursday, October 3rd. CIBC lowered their price target on shares of 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 objective on Logan Energy and gave the stock an “outperform” rating in a research note on Friday, October 4th. Cormark raised Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, Scotiabank dropped their target price on Logan Energy from C$1.85 to C$1.75 in a report on Friday, January 17th.

Logan Energy Stock Performance

CVE LGN opened at C$0.69 on Wednesday. The stock has a 50 day moving average price of C$0.73 and a 200-day moving average price of C$0.78. Logan Energy has a one year low of C$0.66 and a one year high of C$0.97. The company has a market capitalization of C$368.48 million and a P/E 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.