Brokerages Set Logan Energy Corp. (CVE:LGN) PT at C$1.41

Logan Energy Corp. (CVE:LGN) has earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$1.41.

A number of analysts have weighed in on the stock. CIBC decreased their target price on shares of Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating for the company in a research report on Tuesday, October 8th. National Bank Financial upgraded shares of Logan Energy to a “strong-buy” rating in a research report on Thursday, October 3rd. National Bankshares set a C$1.50 target price on shares of Logan Energy and gave the company an “outperform” rating in a report on Friday, October 4th. Finally, Cormark upgraded Logan Energy to a “moderate buy” rating in a report on Thursday, October 24th.

Logan Energy Stock Performance

Shares of LGN stock opened at C$0.72 on Friday. Logan Energy has a 1-year low of C$0.66 and a 1-year high of C$0.97. The stock has a market cap of C$384.50 million and a price-to-earnings ratio of -89.50. The stock has a 50-day moving average of C$0.74 and a 200-day moving average of C$0.80.

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.