Logan Energy Corp. (CVE:LGN) Receives C$1.50 Consensus PT from Brokerages

Logan Energy Corp. (CVE:LGN) has been assigned an average recommendation of “Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$1.50.

Several equities analysts have commented on the stock. 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. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a research note on Thursday, March 20th.

Logan Energy Trading Down 1.4 %

Shares of LGN stock opened at C$0.68 on Thursday. Logan Energy has a 12 month low of C$0.58 and a 12 month high of C$0.97. The firm has a market capitalization of C$392.98 million and a PE ratio of 19.67. The firm has a fifty day simple moving average of C$0.67 and a two-hundred day simple moving average of C$0.73.

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.