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

Shares of Logan Energy Corp. (CVE:LGN) have been assigned an average rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$1.41.

Several equities analysts have weighed in on LGN shares. CIBC cut their target price on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th. National Bank Financial upgraded shares of 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 stock an “outperform” rating in a research report on Friday, October 4th.

Logan Energy Stock Up 5.3 %

LGN opened at C$0.79 on Friday. Logan Energy has a 12-month low of C$0.73 and a 12-month high of C$0.97. The stock has a fifty day moving average of C$0.78 and a 200-day moving average of C$0.84. The firm has a market capitalization of C$421.88 million and a P/E ratio of -89.50.

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.