Logan Energy (CVE:LGN) Lowered to “Neutral” Rating by CIBC

CIBC lowered shares of Logan Energy (CVE:LGN) from an outperform rating to a neutral rating in a report published on Tuesday morning,BayStreet.CA reports. They currently have C$0.95 target price on the stock, down from their prior target price of C$1.15.

LGN has been the subject of a number of other research reports. ATB Capital set a C$1.20 price target on shares of Logan Energy and gave the company an “outperform” rating in a 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 investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$1.28.

Logan Energy Stock Performance

CVE:LGN opened at C$0.80 on Tuesday. The stock has a fifty day moving average price of C$0.83 and a two-hundred day moving average price of C$0.77. The stock has a market capitalization of C$476.54 million, a price-to-earnings ratio of 20.00 and a beta of 5.15. Logan Energy has a 1 year low of C$0.49 and a 1 year high of C$0.90.

About Logan Energy

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.