Logan Energy Corp. (CVE:LGN) Receives Average Recommendation of “Buy” from Brokerages

Shares of Logan Energy Corp. (CVE:LGN) have earned an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$1.50.

Separately, Scotiabank lowered their price objective on Logan Energy from C$1.85 to C$1.75 in a report on Friday, January 17th.

Logan Energy Stock Up 1.6 %

Shares of LGN stock opened at C$0.65 on Friday. The stock’s 50-day moving average price is C$0.70 and its 200 day moving average price is C$0.76. The stock has a market capitalization of C$375.65 million and a PE ratio of 18.80. Logan Energy has a 52-week low of C$0.59 and a 52-week high of C$0.97.

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.