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

Logan Energy Corp. (CVE:LGN) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$1.41.

A number of research analysts recently issued reports on LGN shares. National Bank Financial raised shares of Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd. CIBC decreased their price target on 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. 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. Finally, Cormark raised Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th.

Logan Energy Stock Performance

Shares of CVE:LGN opened at C$0.70 on Tuesday. The firm has a 50 day moving average of C$0.77 and a 200-day moving average of C$0.82. Logan Energy has a 12 month low of C$0.69 and a 12 month high of C$0.97. The stock has a market capitalization of C$373.82 million and a PE ratio of -89.50.

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.