Logan Energy (CVE:LGN) PT Set at C$1.50 by National Bankshares

Logan Energy (CVE:LGN) has been assigned a C$1.50 price target by National Bankshares in a report released on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 85.19% from the company’s previous close.

A number of other equities research analysts have also issued reports on the company. CIBC increased their price target on Logan Energy from C$1.50 to C$1.75 in a research report on Monday, July 15th. Scotiabank upgraded Logan Energy from a “hold” rating to a “strong-buy” rating in a report on Friday, June 14th. Six analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$1.50.

Logan Energy Stock Up 1.3 %

CVE:LGN opened at C$0.81 on Friday. The company has a market cap of C$377.09 million and a price-to-earnings ratio of -89.50. Logan Energy has a 52 week low of C$0.73 and a 52 week high of C$1.03. The company has a fifty day simple moving average of C$0.83 and a two-hundred day simple moving average of C$0.86.

About Logan Energy

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.