Analysts Set Logan Energy Corp. (CVE:LGN) Price Target at C$1.46

Shares of Logan Energy Corp. (CVE:LGN) have been given an average recommendation of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$1.41.

A number of brokerages recently issued reports on LGN. 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 research report 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. Finally, National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd.

Logan Energy Stock Performance

Logan Energy stock opened at C$0.78 on Monday. The stock has a market cap of C$416.54 million and a price-to-earnings ratio of -89.50. The stock’s 50 day simple moving average is C$0.82 and its two-hundred day simple moving average is C$0.85. Logan Energy has a fifty-two week low of C$0.73 and a fifty-two week high of C$1.02.

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.