Logan Energy (CVE:LGN) Trading Down 2.3%

Logan Energy Corp. (CVE:LGNGet Free Report) shares dropped 2.3% during trading on Monday . The company traded as low as C$0.86 and last traded at C$0.86. Approximately 41,362 shares were traded during trading, a decline of 75% from the average daily volume of 165,278 shares. The stock had previously closed at C$0.88.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LGN shares. Scotiabank cut their target price on shares of Logan Energy from C$1.90 to C$1.50 and set a “sector perform” rating on the stock in a report on Tuesday, January 16th. Haywood Securities set a C$1.80 price target on Logan Energy and gave the stock a “buy” rating in a research note on Monday, October 23rd. National Bankshares boosted their target price on shares of Logan Energy from C$1.35 to C$1.50 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Finally, Raymond James lowered their price target on shares of Logan Energy from C$1.50 to C$1.20 and set an “outperform” rating for the company in a research report on Friday, January 19th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$1.58.

View Our Latest Report on LGN

Logan Energy Trading Down 2.3 %

The company’s 50-day moving average is C$0.83 and its two-hundred day moving average is C$0.95.

Logan Energy (CVE:LGNGet Free Report) last announced its quarterly earnings results on Wednesday, November 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$17.49 million during the quarter, compared to analysts’ expectations of C$16.50 million.

About Logan Energy

(Get Free Report)

Logan Energy Corp. engages in the acquisition, exploration, and production of oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada.

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