Logan Energy Corp. (CVE:LGN – Get Free Report) shares fell 2.3% during mid-day trading on Monday . The stock traded as low as C$0.86 and last traded at C$0.86. 41,362 shares changed hands during trading, a decline of 75% from the average session volume of 165,278 shares. The stock had previously closed at C$0.88.
Analysts Set New Price Targets
LGN has been the topic of a number of recent research reports. Haywood Securities set a C$1.80 price objective on Logan Energy and gave the company a “buy” rating in a research report on Monday, October 23rd. Raymond James cut their target price on shares of Logan Energy from C$1.50 to C$1.20 and set an “outperform” rating on the stock in a research report on Friday, January 19th. National Bankshares raised their target price on shares of Logan Energy from C$1.35 to C$1.50 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Finally, Scotiabank dropped their price target on shares of Logan Energy from C$1.90 to C$1.50 and set a “sector perform” rating for the company in a research note on Tuesday, January 16th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$1.58.
Logan Energy Trading Down 2.3 %
Logan Energy (CVE:LGN – Get Free Report) last posted its earnings results on Wednesday, November 22nd. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$17.49 million during the quarter, compared to analysts’ expectations of C$16.50 million.
About Logan Energy
Logan Energy Corp. engages in the acquisition, exploration, and production of oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in British Columbia. Logan Energy Corp. was incorporated in 2023 and is headquartered in Calgary, Canada.
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