Logan Energy (CVE:LGN) Price Target Cut to C$1.75 by Analysts at Scotiabank

Logan Energy (CVE:LGN) had its price objective decreased by Scotiabank from C$1.85 to C$1.75 in a research note released on Friday,BayStreet.CA reports.

LGN has been the topic of several other research reports. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. CIBC reduced their target price on shares of Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a research note on Tuesday, October 8th. Cormark raised shares of Logan Energy to a “moderate buy” rating in a research note on Thursday, October 24th. Finally, National Bankshares set a C$1.50 price objective on shares of Logan Energy and gave the stock an “outperform” rating in a research report on Friday, October 4th. Five research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$1.45.

Logan Energy Stock Performance

Shares of LGN opened at C$0.73 on Friday. The stock has a market capitalization of C$389.84 million and a PE ratio of -89.50. The company’s fifty day moving average is C$0.74 and its 200 day moving average is C$0.79. Logan Energy has a fifty-two week low of C$0.66 and a fifty-two week high of C$0.97.

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.