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

Logan Energy Corp. (CVE:LGN) has been given a consensus recommendation of “Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$1.12.

A number of analysts have issued reports on the company. CIBC downgraded Logan Energy from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$1.15 to C$0.95 in a research note on Tuesday, January 13th. Atb Cap Markets raised shares of Logan Energy to a “strong-buy” rating in a report on Monday, December 8th. ATB Capital set a C$1.20 target price on shares of Logan Energy and gave the stock an “outperform” rating in a research note on Monday, December 8th. Finally, Cibc Captl Mkts lowered shares of Logan Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 13th.

Logan Energy Stock Performance

CVE:LGN opened at C$0.80 on Wednesday. Logan Energy has a one year low of C$0.49 and a one year high of C$0.90. The stock has a market cap of C$476.54 million, a PE ratio of 20.00 and a beta of 5.15. The stock has a 50 day moving average price of C$0.82 and a 200 day moving average price of C$0.78.

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.