Logan Energy Corp. (CVE:LGN) Given Average Rating of “Buy” by Analysts

Logan Energy Corp. (CVE:LGN) has earned an average recommendation of “Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$1.28.

Several brokerages recently weighed in on LGN. CIBC cut Logan Energy from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$1.15 to C$0.95 in a report on Tuesday. ATB Capital set a C$1.20 target price on shares of Logan Energy and gave the stock an “outperform” rating in a report on Monday, December 8th. Atb Cap Markets raised shares of Logan Energy to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Cibc Captl Mkts lowered shares of Logan Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday.

Logan Energy Stock Up 1.3%

Logan Energy stock opened at C$0.80 on Wednesday. The firm has a fifty day simple moving average of C$0.83 and a two-hundred day simple moving average of C$0.77. Logan Energy has a twelve month low of C$0.49 and a twelve month high of C$0.90. The company has a market capitalization of C$476.54 million, a PE ratio of 20.00 and a beta of 5.15.

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.