Logan Energy Corp. (CVE:LGN) Receives Average Rating of "Buy" from Brokerages

Shares of Logan Energy Corp. (CVE:LGN - Get Free Report) have been assigned a consensus rating of "Buy" from the seven brokerages that are covering the stock, MarketBeat Ratings reports. Five 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 brokers that have updated their coverage on the stock in the last year is C$1.41.

Several research analysts have recently issued reports on LGN shares. CIBC decreased their price target on Logan Energy from C$1.75 to C$1.50 and set an "outperform" rating for the company in a research note on Tuesday, October 8th. National Bankshares set a C$1.50 target price on shares of Logan Energy and gave the company an "outperform" rating in a research note on Friday, October 4th. Cormark raised shares of Logan Energy to a "moderate buy" rating in a research note on Thursday, October 24th. Finally, National Bank Financial upgraded shares of Logan Energy to a "strong-buy" rating in a report on Thursday, October 3rd.

Logan Energy Price Performance

Shares of CVE LGN traded down C$0.01 during midday trading on Tuesday, hitting C$0.72. 647,965 shares of the company's stock were exchanged, compared to its average volume of 231,062. Logan Energy has a twelve month low of C$0.71 and a twelve month high of C$0.97. The firm has a market cap of C$381.83 million and a P/E ratio of -89.50. The stock's 50 day moving average price is C$0.78 and its 200-day moving average price is C$0.82.

About Logan Energy

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.