Logan Energy (CVE:LGN) Given New C$1.50 Price Target at Scotiabank

Logan Energy (CVE:LGN) had its target price trimmed by Scotiabank from C$1.65 to C$1.50 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research analysts have also issued reports on the company. CIBC lowered Logan Energy from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$1.15 to C$0.95 in a research report on Tuesday, January 13th. Cibc Captl Mkts cut Logan Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 13th. ATB Capital set a C$1.20 price objective on Logan Energy and gave the stock an “outperform” rating in a research report on Monday, December 8th. Finally, Atb Cap Markets upgraded 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, two have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$1.21.

Logan Energy Stock Up 1.3%

CVE:LGN opened at C$0.81 on Wednesday. Logan Energy has a twelve month low of C$0.49 and a twelve month high of C$0.90. The stock’s 50-day simple moving average is C$0.82 and its 200 day simple moving average is C$0.78. The firm has a market capitalization of C$482.50 million, a PE ratio of 20.25 and a beta of 5.15.

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.