Logan Energy (CVE:LGN) Given a C$1.20 Price Target at ATB Capital

Logan Energy (CVE:LGN) has been assigned a C$1.20 price target by stock analysts at ATB Capital in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price target suggests a potential upside of 44.58% from the stock’s current price.

Logan Energy Stock Down 1.2%

Shares of CVE:LGN traded down C$0.01 during mid-day trading on Monday, reaching C$0.83. 184,743 shares of the stock were exchanged, compared to its average volume of 363,600. The company has a market cap of C$494.41 million, a P/E ratio of 20.75 and a beta of 5.15. The stock’s 50 day simple moving average is C$0.81 and its 200-day simple moving average is C$0.73. Logan Energy has a one year low of C$0.49 and a one year high of C$0.90.

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.