Logan Energy Corp. (CVE:LGN) Receives C$1.59 Consensus Price Target from Analysts

Logan Energy Corp. (CVE:LGN) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$1.59.

LGN has been the topic of several analyst reports. Raymond James reduced their price target on Logan Energy from C$1.50 to C$1.20 and set an “outperform” rating on the stock in a report on Friday, January 19th. National Bankshares lifted their price target on Logan Energy from C$1.35 to C$1.50 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. Scotiabank reduced their price target on Logan Energy from C$1.90 to C$1.50 and set a “sector perform” rating on the stock in a report on Tuesday, January 16th. Finally, TD Securities lifted their price target on Logan Energy from C$1.40 to C$1.50 and gave the stock a “buy” rating in a report on Tuesday, March 19th.

Logan Energy Stock Performance

Shares of LGN stock opened at C$0.96 on Thursday. The stock’s fifty day moving average is C$0.85 and its two-hundred day moving average is C$0.89. Logan Energy has a fifty-two week low of C$0.73 and a fifty-two week high of C$1.24.

Logan Energy (CVE:LGN) last announced its quarterly earnings data on Monday, March 18th. The company reported C$0.02 earnings per share for the quarter. Logan Energy had a negative return on equity of 25.05% and a negative net margin of 46.48%. The company had revenue of C$28.65 million for the quarter. On average, equities analysts predict that Logan Energy will post 0.0199778 earnings per share for the current year.

About Logan Energy

Logan Energy Corp. engages in the acquisition, exploration, and production of oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada.