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

Shares of Logan Energy Corp. (CVE:LGN) have been given an average rating of “Buy” by the five ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$1.50.

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

Logan Energy Stock Up 4.7 %

Logan Energy stock opened at C$0.67 on Thursday. The stock has a market cap of C$387.20 million and a P/E ratio of 19.38. Logan Energy has a twelve month low of C$0.58 and a twelve month high of C$0.97. The company’s 50-day moving average price is C$0.68 and its two-hundred day moving average price is C$0.73.

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.