Logan Energy Corp. (CVE:LGN – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$1.47.
A number of equities research analysts recently issued reports on LGN shares. Scotiabank cut shares of Logan Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 27th. Scotia lowered Logan Energy from an “outperform” rating to a “sector perform” rating and set a C$1.60 target price on the stock. in a report on Tuesday, October 27th. Royal Bank Of Canada set a C$1.50 target price on Logan Energy and gave the company a “moderate buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets cut Logan Energy from an “outperform” rating to a “tender” rating and set a C$1.50 price target for the company. in a research report on Tuesday, October 27th. Finally, National Bank Financial set a C$1.75 price target on Logan Energy and gave the stock an “outperform” rating in a research note on Wednesday, September 30th.
Get Our Latest Stock Analysis on LGN
Logan Energy Stock Down 2.6%
Shares of LGN opened at C$1.50 on Tuesday. The company’s fifty day moving average is C$1.24 and its 200-day moving average is C$0.99. Logan Energy has a 12 month low of C$0.74 and a 12 month high of C$1.59. The firm has a market cap of C$1.04 billion, a price-to-earnings ratio of 25.00 and a beta of -0.14.
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.
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