Logan Energy (CVE:LGN) Sets New 52-Week High – Time to Buy?

Shares of Logan Energy Corp. (CVE:LGN) reached a new 52-week high during trading on Thursday. The company traded as high as C$1.27 and last traded at C$1.27, with a volume of 208146 shares trading hands. The stock had previously closed at C$1.16.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank Of Canada set a C$1.50 target price on shares of Logan Energy and gave the stock a “moderate buy” rating in a report on Monday, August 10th. Scotiabank raised shares of Logan Energy to a “strong-buy” rating in a report on Friday, June 26th. Finally, National Bank Financial set a C$1.75 price target on shares of Logan Energy and gave the stock an “outperform” rating in a report on Wednesday, September 30th. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, Logan Energy has an average rating of “Buy” and an average price target of C$1.38.

Logan Energy Stock Up 4.1%

The company’s 50-day moving average is C$1.12 and its two-hundred day moving average is C$0.99. The company has a market capitalization of C$871.44 million, a P/E ratio of 21.00 and a beta of -0.14.

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.