Brokerages Set Logan Energy Corp. (CVE:LGN) Target Price at C$1.46

Logan Energy Corp. (CVE:LGN - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eight brokerages that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$1.46.

A number of research analysts recently weighed in on the stock. National Bankshares set a C$1.50 price objective on shares of Logan Energy and gave the company an "outperform" rating in a research note on Friday, October 4th. National Bank Financial upgraded shares of Logan Energy to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, CIBC reduced their price target on shares of Logan Energy from C$1.75 to C$1.50 and set an "outperform" rating for the company in a research report on Tuesday, October 8th.

Logan Energy Price Performance

Logan Energy stock remained flat at C$0.77 during mid-day trading on Monday. 215,314 shares of the company were exchanged, compared to its average volume of 223,818. Logan Energy has a fifty-two week low of C$0.73 and a fifty-two week high of C$1.02. The firm has a market cap of C$411.20 million and a P/E ratio of -89.50. The stock has a 50-day moving average of C$0.82 and a two-hundred day moving average of 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.