Logan Energy Corp. (CVE:LGN) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Logan Energy Corp. (CVE:LGN - Get Free Report) have been given an average rating of "Buy" by the five ratings firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$1.50.

LGN has been the subject of several recent research reports. Scotiabank reduced their price target on Logan Energy from C$1.85 to C$1.75 in a research note on Friday, January 17th. Cormark raised Logan Energy to a "moderate buy" rating in a report on Thursday.

Logan Energy Trading Down 1.5 %

Shares of CVE:LGN traded down C$0.01 during trading on Thursday, reaching C$0.66. 220,526 shares of the stock were exchanged, compared to its average volume of 313,698. The firm has a market cap of C$381.43 million and a PE ratio of 19.09. Logan Energy has a 12 month low of C$0.58 and a 12 month high of C$0.97. The stock has a 50-day moving average price of C$0.67 and a 200-day moving average price of C$0.73.

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.