Analysts Set Logan Energy Corp. (CVE:LGN) Target Price at C$1.41

Shares of Logan Energy Corp. (CVE:LGN) have been given a consensus recommendation of “Buy” by the seven brokerages that are covering the firm, Marketbeat.com reports. Five 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 analysts that have issued a report on the stock in the last year is C$1.41.

LGN has been the subject of several analyst reports. National Bankshares set a C$1.50 target price on Logan Energy and gave the stock an “outperform” rating in a research report on Friday, October 4th. National Bank Financial raised Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. CIBC reduced their price target on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating for the company in a report on Tuesday, October 8th. Finally, Cormark raised Logan Energy to a “moderate buy” rating in a report on Thursday, October 24th.

Logan Energy Price Performance

Shares of CVE LGN opened at C$0.80 on Friday. Logan Energy has a 1-year low of C$0.73 and a 1-year high of C$0.97. The business has a 50-day moving average of C$0.78 and a 200-day moving average of C$0.83. The company has a market capitalization of C$427.22 million and a price-to-earnings ratio of -89.50.

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.