Brokerages Set Logan Energy Corp. (CVE:LGN) PT at C$1.55

Shares of Logan Energy Corp. (CVE:LGN) have been given an average rating of “Moderate Buy” by the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$1.55.

Several equities research analysts have recently commented on LGN shares. Scotiabank reduced their target price on shares of Logan Energy from C$1.90 to C$1.50 and set a “sector perform” rating on the stock in a research note on Tuesday, January 16th. National Bankshares boosted their price target on shares of Logan Energy from C$1.35 to C$1.50 and gave the company an “outperform” rating in a research report on Wednesday, January 10th. Raymond James dropped their price objective on shares of Logan Energy from C$1.50 to C$1.20 and set an “outperform” rating for the company in a report on Friday, January 19th. TD Securities lifted their target price on shares of Logan Energy from C$1.40 to C$1.50 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, BMO Capital Markets set a C$1.25 price target on Logan Energy and gave the stock an “outperform” rating in a research report on Tuesday, April 9th.

Logan Energy Stock Performance

Shares of LGN opened at C$0.87 on Monday. The stock’s 50-day moving average price is C$0.87 and its 200 day moving average price is C$0.88. Logan Energy has a 12-month low of C$0.73 and a 12-month high of C$1.24.

Logan Energy (CVE:LGN) last released its quarterly earnings data on Monday, March 18th. The company reported C$0.02 earnings per share (EPS) for the quarter. Logan Energy had a negative return on equity of 25.05% and a negative net margin of 46.48%. The business had revenue of C$28.65 million for the quarter. Equities analysts predict that Logan Energy will post 0.0200213 EPS for the current year.

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.