Logan Energy Corp. (CVE:LGN) Receives C$1.55 Average PT from Brokerages

Logan Energy Corp. (CVE:LGN) has received an average recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$1.55.

Several equities research analysts recently weighed in on the stock. BMO Capital Markets set a C$1.25 price target on shares of Logan Energy and gave the company an “outperform” rating in a research report on Tuesday, April 9th. TD Securities raised their price target on shares of Logan Energy from C$1.40 to C$1.50 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Scotiabank raised shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 14th.

Logan Energy Price Performance

Shares of LGN opened at C$0.90 on Tuesday. The firm has a 50 day moving average of C$0.87 and a 200 day moving average of C$0.85. Logan Energy has a twelve month low of C$0.73 and a twelve month high of C$1.24.

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.