Logan Energy Corp. (CVE:LGN) Given Average Rating of “Buy” by Brokerages

Shares of Logan Energy Corp. (CVE:LGN) have received an average recommendation of “Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$1.50.

Separately, Scotiabank cut their target price on shares of 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$0.65 on Friday. The firm has a fifty day simple moving average of C$0.70 and a 200-day simple moving average of C$0.76. The stock has a market capitalization of C$375.65 million and a price-to-earnings ratio of 18.80. Logan Energy has a 1-year low of C$0.59 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.