Logan Energy (CVE:LGN) Price Target Cut to C$1.50

Logan Energy (CVE:LGN) had its price objective dropped by stock analysts at CIBC from C$1.75 to C$1.50 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s target price suggests a potential upside of 87.50% from the company’s previous close.

A number of other analysts have also recently weighed in on the company. Scotiabank raised Logan Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 14th. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, National Bankshares set a C$1.50 price objective on shares of Logan Energy and gave the company an “outperform” rating in a report on Friday, October 4th. Seven research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$1.47.

Logan Energy Trading Down 1.2 %

LGN opened at C$0.80 on Tuesday. The firm has a market cap of C$372.43 million and a price-to-earnings ratio of -89.50. Logan Energy has a 12 month low of C$0.73 and a 12 month high of C$1.03. The stock has a fifty day moving average price of C$0.83 and a 200-day moving average price of C$0.86.

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.