Logan Energy (CVE:LGN - Get Free Report) had its target price decreased by research analysts at Scotiabank from C$1.85 to C$1.75 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Scotiabank's target price suggests a potential upside of 139.73% from the company's previous close.
Other equities analysts have also issued research reports about the stock. National Bank Financial upgraded shares of Logan Energy to a "strong-buy" rating in a report on Thursday, October 3rd. National Bankshares set a C$1.50 price target on Logan Energy and gave the stock an "outperform" rating in a report on Friday, October 4th. CIBC dropped 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 note on Tuesday, October 8th. Finally, Cormark upgraded shares of Logan Energy to a "moderate buy" rating in a report on Thursday, October 24th. Five equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$1.45.
Read Our Latest Stock Report on Logan Energy
Logan Energy Stock Performance
Shares of CVE:LGN traded up C$0.01 during trading on Friday, reaching C$0.73. 89,404 shares of the stock were exchanged, compared to its average volume of 423,909. The firm's 50-day moving average price is C$0.74 and its 200 day moving average price is C$0.79. The firm has a market cap of C$389.84 million and a price-to-earnings ratio of -89.50. Logan Energy has a 12-month low of C$0.66 and a 12-month high of C$0.97.
Logan Energy Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Logan Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Logan Energy wasn't on the list.
While Logan Energy currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
