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

Shares of Logan Energy Corp. (CVE:LGN) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$1.55.

A number of research analysts have commented on LGN shares. BMO Capital Markets set a C$1.25 target price on Logan Energy and gave the stock an “outperform” rating in a report on Tuesday, April 9th. National Bankshares lifted their price objective on shares of Logan Energy from C$1.35 to C$1.50 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. TD Securities increased their target price on shares of Logan Energy from C$1.40 to C$1.50 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Scotiabank decreased their price target on shares of Logan Energy from C$1.90 to C$1.50 and set a “sector perform” rating for the company in a report on Tuesday, January 16th. Finally, Raymond James lowered their price objective on shares of Logan Energy from C$1.50 to C$1.20 and set an “outperform” rating for the company in a research report on Friday, January 19th.

Logan Energy Trading Up 1.1 %

CVE LGN opened at C$0.91 on Monday. Logan Energy has a 12 month low of C$0.73 and a 12 month high of C$1.24. The company’s fifty day moving average price is C$0.87 and its two-hundred day moving average price is C$0.88.

Logan Energy (CVE:LGN) last issued its earnings results on Monday, March 18th. The company reported C$0.02 earnings per share (EPS) for the quarter. The business had revenue of C$28.65 million for the quarter. Logan Energy had a negative net margin of 46.48% and a negative return on equity of 25.05%. Analysts predict that Logan Energy will post 0.0200213 EPS for the current year.

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.