Analysts Set Logan Energy Corp. (CVE:LGN) PT at C$1.41

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

A number of research analysts have weighed in on LGN shares. CIBC dropped their price objective on shares of 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 price target on Logan Energy and gave the company an “outperform” rating in a research note on Friday, October 4th. Cormark raised Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd.

Logan Energy Stock Up 1.4 %

Shares of LGN opened at C$0.72 on Friday. The stock has a market cap of C$384.50 million and a P/E ratio of -89.50. The business’s fifty day moving average is C$0.74 and its 200 day moving average is C$0.80. Logan Energy has a 12-month low of C$0.66 and a 12-month high of C$0.97.

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.