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

Shares of Logan Energy Corp. (CVE:LGN - Get Free Report) have been given a consensus rating of "Buy" by the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$1.50.

Several equities research analysts recently weighed in on the company. CIBC upped their price target on Logan Energy from C$1.50 to C$1.75 in a research note on Monday, July 15th. Scotiabank upgraded shares of Logan Energy from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 14th.

Logan Energy Trading Down 5.1 %

Logan Energy stock traded down C$0.04 during trading hours on Thursday, hitting C$0.75. 795,749 shares of the stock traded hands, compared to its average volume of 223,102. Logan Energy has a one year low of C$0.73 and a one year high of C$1.05. The firm's 50-day moving average price is C$0.84 and its two-hundred day moving average price is C$0.86. The company has a market cap of C$349.16 million and a PE ratio of -89.50.

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.