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

Shares of Logan Energy Corp. (CVE:LGN) have been assigned an average recommendation of “Buy” from the five brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$1.50.

A number of research firms recently commented on LGN. Scotiabank decreased their price target on Logan Energy from C$1.85 to C$1.75 in a research report on Friday, January 17th. Cormark raised shares of Logan Energy to a “moderate buy” rating in a research report on Thursday, March 20th.

Logan Energy Stock Performance

CVE LGN opened at C$0.68 on Thursday. Logan Energy has a twelve month low of C$0.58 and a twelve month high of C$0.97. The firm has a 50-day simple moving average of C$0.67 and a 200 day simple moving average of C$0.73. The stock has a market cap of C$392.98 million and a PE ratio of 19.67.

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.