Logan Energy (CVE:LGN) Sets New 1-Year High – Still a Buy?

Logan Energy Corp. (CVE:LGN)’s stock price hit a new 52-week high during trading on Wednesday. The company traded as high as C$1.30 and last traded at C$1.29, with a volume of 186,307 shares. The stock had previously closed at C$1.28.

Analysts Set New Price Targets

LGN has been the subject of a number of analyst reports. Royal Bank Of Canada set a C$1.50 target price on Logan Energy and gave the stock a “moderate buy” rating in a report on Monday, August 10th. National Bank Financial set a C$1.75 price target on Logan Energy and gave the company an “outperform” rating in a report on Wednesday, September 30th. Finally, Scotiabank raised Logan Energy to a “strong-buy” rating in a research report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$1.38.

Logan Energy Stock Performance

The firm’s 50 day moving average is C$1.18 and its 200 day moving average is C$1.01. The stock has a market cap of C$892.19 million, a P/E ratio of 21.50 and a beta of -0.14.

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.