Logan Energy (CVE:LGN) Given a C$1.50 Price Target at Royal Bank Of Canada

Logan Energy (CVE:LGN) received a C$1.50 target price from equities researchers at Royal Bank Of Canada in a report released on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 50.00% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Scotiabank raised Logan Energy to a “strong-buy” rating in a research report on Friday, June 26th. National Bank Financial raised their price objective on Logan Energy from C$1.50 to C$1.75 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. 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 Trading Up 7.5%

Shares of CVE LGN traded up C$0.07 during midday trading on Monday, hitting C$1.00. The company’s stock had a trading volume of 347,992 shares, compared to its average volume of 684,725. Logan Energy has a 12-month low of C$0.71 and a 12-month high of C$1.08. The firm has a market cap of C$691.58 million, a P/E ratio of 25.00 and a beta of -0.05. The business’s 50 day moving average is C$0.91 and its two-hundred day moving average is C$0.89.

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.