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

Shares of Logan Energy Corp. (CVE:LGN) have been given an average rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$1.50.

Separately, Scotiabank reduced their price objective on shares of Logan Energy from C$1.85 to C$1.75 in a report on Friday, January 17th.

Logan Energy Price Performance

Shares of LGN stock opened at C$0.65 on Friday. The stock has a market cap of C$375.65 million and a P/E ratio of 18.80. The stock has a fifty day moving average price of C$0.70 and a 200 day moving average price of C$0.76. Logan Energy has a one year low of C$0.59 and a one year 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.