Analysts Set Logan Energy Corp. (CVE:LGN) Target Price at C$1.50

Logan Energy Corp. (CVE:LGN) has received an average rating of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$1.50.

A number of research analysts have commented on the company. Scotiabank raised Logan Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, June 14th. CIBC lifted their price objective on shares of Logan Energy from C$1.50 to C$1.75 in a report on Monday, July 15th.

Logan Energy Stock Performance

Shares of LGN stock opened at C$0.78 on Thursday. The stock has a market capitalization of C$363.12 million and a price-to-earnings ratio of -89.50. Logan Energy has a one year low of C$0.73 and a one year high of C$1.05. The company’s 50-day simple moving average is C$0.83 and its 200-day simple moving average is C$0.86.

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.