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

Logan Energy Corp. (CVE:LGN) has received an average rating of “Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$1.41.

Several research firms recently issued reports on LGN. CIBC cut their target price on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. National Bankshares set a C$1.50 target price on shares of Logan Energy and gave the company an “outperform” rating in a report on Friday, October 4th. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Cormark upgraded Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th.

Logan Energy Price Performance

LGN stock opened at C$0.72 on Tuesday. The firm has a 50 day simple moving average of C$0.78 and a two-hundred day simple moving average of C$0.82. Logan Energy has a one year low of C$0.71 and a one year high of C$0.97. The stock has a market cap of C$384.50 million and a PE 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.