Logan Energy Corp. (CVE:LGN) Receives C$1.46 Consensus PT from Analysts

Shares of Logan Energy Corp. (CVE:LGN) have received an average recommendation of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$1.41.

A number of equities research analysts recently issued reports on the stock. National Bank Financial upgraded shares of Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. National Bankshares set a C$1.50 price objective on Logan Energy and gave the company an “outperform” rating in a report on Friday, October 4th. Finally, CIBC cut their price objective on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th.

Logan Energy Stock Up 2.6 %

LGN stock opened at C$0.79 on Monday. The company has a market capitalization of C$421.88 million and a price-to-earnings ratio of -89.50. The firm has a 50 day moving average of C$0.81 and a two-hundred day moving average of C$0.85. Logan Energy has a 12 month low of C$0.73 and a 12 month high of C$1.02.

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.