Logan Energy (CVE:LGN) Rating Lowered to Neutral at CIBC

Logan Energy (CVE:LGN) was downgraded by research analysts at CIBC from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday,BayStreet.CA reports. They currently have a C$0.95 price target on the stock, down from their previous price target of C$1.15. CIBC’s price objective suggests a potential upside of 17.28% from the stock’s previous close.

LGN has been the topic of a number of other reports. ATB Capital set a C$1.20 price target on Logan Energy and gave the company an “outperform” rating in a research report on Monday, December 8th. Atb Cap Markets raised shares of Logan Energy to a “strong-buy” rating in a report on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of C$1.28.

Logan Energy Price Performance

Shares of LGN opened at C$0.81 on Tuesday. The company has a market capitalization of C$482.50 million, a PE ratio of 20.25 and a beta of 5.15. Logan Energy has a one year low of C$0.49 and a one year high of C$0.90. The company’s fifty day moving average price is C$0.83 and its 200 day moving average price is C$0.77.

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.