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

Shares of Logan Energy Corp. (CVE:LGN) have received a consensus recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$1.50.

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

Logan Energy Stock Performance

Shares of Logan Energy stock opened at C$0.68 on Friday. The stock’s 50-day simple moving average is C$0.70 and its 200 day simple moving average is C$0.76. Logan Energy has a 52-week low of C$0.59 and a 52-week high of C$0.97. The stock has a market capitalization of C$392.98 million and a P/E ratio of 19.67.

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.