Logan Energy (CVE:LGN) Hits New 52-Week High – Time to Buy?

Logan Energy Corp. (CVE:LGNGet Free Report)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$1.20 and last traded at C$1.18, with a volume of 1326968 shares traded. The stock had previously closed at C$1.18.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Royal Bank Of Canada set a C$1.50 target price on shares of Logan Energy and gave the stock a “moderate buy” rating in a report on Monday, August 10th. Scotiabank upgraded shares of Logan Energy to a “strong-buy” rating in a research note on Friday, June 26th. Finally, National Bank Financial lifted their target price on shares of Logan Energy from C$1.50 to C$1.75 and gave the stock an “outperform” rating in a report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$1.38.

Read Our Latest Stock Analysis on LGN

Logan Energy Stock Performance

The business’s 50 day moving average price is C$1.00 and its 200-day moving average price is C$0.94. The company has a market cap of C$809.19 million, a price-to-earnings ratio of 19.50 and a beta of -0.05.

About Logan Energy

(Get Free Report)

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.

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