Logan Energy Corp. (CVE:LGN) Given Consensus Rating of “Buy” by Analysts

Shares of Logan Energy Corp. (CVE:LGN) have received a consensus rating of “Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$1.55.

Several equities research analysts recently weighed in on the company. BMO Capital Markets set a C$1.25 price objective on Logan Energy and gave the stock an “outperform” rating in a report on Tuesday, April 9th. TD Securities lifted their price objective on Logan Energy from C$1.40 to C$1.50 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Scotiabank raised Logan Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, June 14th.

Logan Energy Stock Performance

CVE LGN opened at C$0.88 on Friday. Logan Energy has a one year low of C$0.73 and a one year high of C$1.24. The business’s fifty day moving average is C$0.87 and its 200-day moving average is C$0.86.

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.