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

Logan Energy Corp. (CVE:LGN - Get Free Report) has earned an average rating of "Buy" from the seven analysts that are covering the company, Marketbeat reports. Five analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$1.41.

A number of equities research analysts recently weighed in on the company. National Bank Financial upgraded Logan Energy to a "strong-buy" rating in a report on Thursday, October 3rd. Cormark raised shares of Logan Energy to a "moderate buy" rating in a research note on Thursday, October 24th. National Bankshares set a C$1.50 price objective on shares of Logan Energy and gave the stock an "outperform" rating in a report on Friday, October 4th. Finally, CIBC reduced their target price on Logan Energy from C$1.75 to C$1.50 and set an "outperform" rating on the stock in a report on Tuesday, October 8th.

Logan Energy Price Performance

Shares of CVE:LGN remained flat at C$0.72 during midday trading on Friday. 677,669 shares of the stock traded hands, compared to its average volume of 1,149,035. The company's 50-day moving average price is C$0.74 and its 200 day moving average price is C$0.80. Logan Energy has a 1-year low of C$0.66 and a 1-year high of C$0.97. The stock has a market cap of C$384.50 million and a P/E ratio of -89.50.

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.