National Bankshares Analysts Give Logan Energy (CVE:LGN) a C$1.50 Price Target

Logan Energy (CVE:LGN) received a C$1.50 price target from research analysts at National Bankshares in a research report issued on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 85.19% from the company’s previous close.

Other research analysts also recently issued research reports about the company. CIBC lifted their price target on Logan Energy from C$1.50 to C$1.75 in a research note on Monday, July 15th. Scotiabank upgraded shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, June 14th. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Logan Energy has a consensus rating of “Buy” and an average price target of C$1.50.

Logan Energy Price Performance

CVE LGN opened at C$0.81 on Friday. The business has a 50 day moving average price of C$0.83 and a 200 day moving average price of C$0.86. The company has a market capitalization of C$377.09 million and a P/E ratio of -89.50. Logan Energy has a 1-year low of C$0.73 and a 1-year high of C$1.03.

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.