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

Logan Energy Corp. (CVE:LGN - Get Free Report) has earned a consensus recommendation of "Buy" from the six brokerages that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$1.50.

Several research firms have recently commented on LGN. Cormark raised Logan Energy to a "moderate buy" rating in a research report on Thursday, October 24th. National Bankshares set a C$1.50 price target on shares of Logan Energy and gave the company an "outperform" rating in a research report on Friday, October 4th. CIBC cut their price objective on shares of Logan Energy from C$1.75 to C$1.50 and set an "outperform" rating on the stock in a research report on Tuesday, October 8th. Finally, Scotiabank decreased their target price on shares of Logan Energy from C$1.85 to C$1.75 in a research report on Friday, January 17th.

Logan Energy Stock Performance

CVE:LGN traded down C$0.02 during trading hours on Wednesday, reaching C$0.69. The company's stock had a trading volume of 537,217 shares, compared to its average volume of 329,982. The stock has a 50 day moving average price of C$0.72 and a two-hundred day moving average price of C$0.78. The company has a market capitalization of C$365.81 million and a P/E ratio of -89.50. Logan Energy has a 12 month low of C$0.65 and a 12 month high of C$0.97.

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.