Brokerages Set Logan Energy Corp. (CVE:LGN) PT at C$1.50

Shares of Logan Energy Corp. (CVE:LGN) have been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$1.50.

Several brokerages have commented on LGN. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a research note on Thursday, March 20th. Scotiabank dropped their target price on shares of Logan Energy from C$1.85 to C$1.75 in a research report on Friday, January 17th.

Logan Energy Stock Performance

LGN opened at C$0.67 on Thursday. The business’s 50-day simple moving average is C$0.67 and its 200-day simple moving average is C$0.73. The company has a market cap of C$387.20 million and a P/E ratio of 19.38. Logan Energy has a one year low of C$0.58 and a one year 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.