Logan Energy (CVE:LGN) Reaches New 1-Year High – Still a Buy?

Logan Energy Corp. (CVE:LGN)’s stock price reached a new 52-week high during mid-day trading on Thursday. The company traded as high as C$1.30 and last traded at C$1.26, with a volume of 275,927 shares changing hands. The stock had previously closed at C$1.25.

Analysts Set New Price Targets

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

Logan Energy Price Performance

The company has a market capitalization of C$881.81 million, a price-to-earnings ratio of 21.25 and a beta of -0.14. The firm has a 50-day moving average price of C$1.15 and a two-hundred day moving average price of C$1.00.

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.