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

Shares of Logan Energy Corp. (CVE:LGN) have earned an average rating of “Buy” from the five research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$1.50.

A number of equities research analysts have issued reports on LGN shares. Cormark upgraded shares of Logan Energy to a “moderate buy” rating in a report on Thursday, March 20th. Scotiabank reduced their price objective on Logan Energy from C$1.85 to C$1.75 in a research note on Friday, January 17th.

Logan Energy Stock Performance

Shares of LGN opened at C$0.67 on Thursday. The company’s 50-day simple moving average is C$0.67 and its 200-day simple moving average is C$0.73. Logan Energy has a 1 year low of C$0.58 and a 1 year high of C$0.97. The stock has a market capitalization of C$387.20 million and a PE ratio of 19.38.

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.