BMO Capital Markets Analysts Give Logan Energy (CVE:LGN) a C$1.25 Price Target

BMO Capital Markets set a C$1.25 target price on Logan Energy (CVE:LGN) in a research note released on Tuesday morning, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

LGN has been the subject of a number of other research reports. Scotiabank dropped their target price on shares of Logan Energy from C$1.90 to C$1.50 and set a sector perform rating for the company in a research report on Tuesday, January 16th. Raymond James dropped their target price 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. TD Securities upped their target price on shares of Logan Energy from C$1.40 to C$1.50 and gave the stock a buy rating in a research report on Tuesday, March 19th. Finally, National Bankshares increased their price objective on shares of Logan Energy from C$1.35 to C$1.50 and gave the company an outperform rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of C$1.55.

Logan Energy Trading Down 2.1 %

Shares of LGN stock opened at C$0.94 on Tuesday. The company has a 50 day moving average price of C$0.86 and a 200-day moving average price of C$0.89. Logan Energy has a 52 week low of C$0.73 and a 52 week high of C$1.24.

Logan Energy (CVE:LGN) last announced its earnings results on Monday, March 18th. The company reported C$0.02 earnings per share (EPS) for the quarter. The company had revenue of C$28.65 million during the quarter. Logan Energy had a negative net margin of 46.48% and a negative return on equity of 25.05%. As a group, sell-side analysts anticipate that Logan Energy will post 0.0199778 EPS for the current year.

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.