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

Shares of Logan Energy Corp. (CVE:LGN) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$1.50.

Separately, Scotiabank decreased their target price on Logan Energy from C$1.85 to C$1.75 in a research report on Friday, January 17th.

Logan Energy Trading Up 1.6 %

CVE LGN opened at C$0.65 on Friday. The stock has a market capitalization of C$375.65 million and a price-to-earnings ratio of 18.80. The stock has a 50-day moving average of C$0.70 and a 200 day moving average of C$0.76. Logan Energy has a twelve month low of C$0.59 and a twelve 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.