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

Shares of Logan Energy Corp. (CVE:LGN) have been assigned a consensus rating of “Buy” from the five analysts that are currently covering the company, Marketbeat.com reports. Three investment 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 target among analysts that have issued ratings on the stock in the last year is C$1.50.

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

Logan Energy Trading Up 4.7 %

CVE LGN opened at C$0.67 on Thursday. The firm has a market capitalization of C$387.20 million and a price-to-earnings ratio of 19.38. The firm’s 50 day simple moving average is C$0.68 and its 200 day simple moving average is C$0.73. Logan Energy has a 1 year low of C$0.58 and a 1 year high of C$0.97.

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.