Roth Capital Reiterates “C$1.20” Price Target for Logan Energy (CVE:LGN)

Logan Energy (CVE:LGN) has been given a C$1.20 target price by equities research analysts at Roth Capital in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Roth Capital’s price objective would indicate a potential upside of 71.43% from the stock’s previous close.

Separately, Cormark raised Logan Energy to a “moderate buy” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Strong Buy” and a consensus price target of C$1.49.

Logan Energy Stock Performance

Shares of LGN opened at C$0.70 on Monday. The business’s fifty day moving average price is C$0.62 and its two-hundred day moving average price is C$0.64. The firm has a market capitalization of C$404.54 million and a price-to-earnings ratio of 20.25. Logan Energy has a 52 week low of C$0.49 and a 52 week high of C$0.94.

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.