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

Shares of Logan Energy Corp. (CVE:LGN) have been assigned a consensus recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$1.41.

A number of equities analysts have issued reports on LGN shares. Cormark upgraded Logan Energy to a “moderate buy” rating in a report on Thursday, October 24th. 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. National Bank Financial raised shares of Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, National Bankshares set a C$1.50 price target on Logan Energy and gave the stock an “outperform” rating in a research note on Friday, October 4th.

Logan Energy Trading Up 3.8 %

CVE:LGN opened at C$0.82 on Friday. Logan Energy has a 12 month low of C$0.73 and a 12 month high of C$0.97. The stock has a market cap of C$437.90 million and a price-to-earnings ratio of -89.50. The company has a 50-day moving average price of C$0.79 and a 200-day moving average price of C$0.83.

About Logan Energy

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.