Logan Energy (CVE:LGN) Price Target Raised to C$1.75

Logan Energy (CVE:LGN) had its price objective boosted by equities researchers at National Bank Financial from C$1.50 to C$1.75 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 90.22% from the company’s current price.

LGN has been the topic of a number of other reports. Scotiabank upgraded shares of Logan Energy to a “strong-buy” rating in a research note on Friday, June 26th. Canadian Imperial Bank of Commerce raised shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 11th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Strong Buy” and an average price target of C$1.32.

Logan Energy Trading Up 5.7%

LGN traded up C$0.05 during mid-day trading on Tuesday, hitting C$0.92. 326,144 shares of the stock were exchanged, compared to its average volume of 641,153. The firm’s fifty day moving average is C$0.90 and its two-hundred day moving average is C$0.87. Logan Energy has a 1-year low of C$0.56 and a 1-year high of C$1.03. The company has a market cap of C$636.25 million, a PE ratio of 23.00 and a beta of -0.06.

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.