Logan Energy Corp. (CVE:LGN) Given Consensus Recommendation of “Buy” by Brokerages

Logan Energy Corp. (CVE:LGN) has received an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$1.50.

LGN has been the subject of several analyst reports. CIBC lifted their price objective on shares of Logan Energy from C$1.50 to C$1.75 in a research note on Monday, July 15th. Scotiabank upgraded Logan Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 14th.

Logan Energy Stock Performance

LGN opened at C$0.80 on Friday. The stock has a fifty day moving average of C$0.86 and a 200-day moving average of C$0.87. The company has a market capitalization of C$372.43 million and a P/E ratio of -89.50. Logan Energy has a fifty-two week low of C$0.76 and a fifty-two week high of C$1.10.

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.