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

Shares of Logan Energy Corp. (CVE:LGN) have received a consensus recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Four 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 target price among analysts that have issued a report on the stock in the last year is C$1.50.

Separately, Scotiabank reduced their price target on shares of Logan Energy from C$1.85 to C$1.75 in a research report on Friday, January 17th.

Logan Energy Price Performance

Shares of LGN stock opened at C$0.68 on Friday. The firm has a 50 day moving average of C$0.70 and a 200-day moving average of C$0.76. Logan Energy has a 52 week low of C$0.59 and a 52 week high of C$0.97. The company has a market cap of C$392.98 million and a price-to-earnings ratio of 19.67.

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.