Logan Energy Corp. (CVE:LGN) Receives C$1.41 Average Target Price from Brokerages

Shares of Logan Energy Corp. (CVE:LGN) have been given a consensus rating of “Buy” by the seven ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$1.41.

A number of analysts have commented on LGN shares. National Bankshares set a C$1.50 price objective on Logan Energy and gave the stock an “outperform” rating in a report on Friday, October 4th. Cormark upgraded Logan Energy to a “moderate buy” rating in a report on Thursday, October 24th. CIBC lowered their price target on 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. Finally, National Bank Financial raised shares of Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd.

Logan Energy Price Performance

CVE:LGN opened at C$0.72 on Friday. Logan Energy has a one year low of C$0.66 and a one year high of C$0.97. The company has a market cap of C$384.50 million and a PE ratio of -89.50. The firm has a 50-day moving average of C$0.74 and a 200-day moving average of C$0.80.

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.