Logan Energy (CVE:LGN) Sets New 52-Week High - What's Next?

Key Points

• Shares of Logan Energy reached a new 52-week high of C$1.03, last trading at C$1.01 on volume of 521,443 shares (prior close C$0.99).
• Multiple analysts (ATB Cormark, Scotiabank, CIBC) have upgraded the stock, leaving a consensus Strong Buy rating and a consensus price target of C$1.21.
• Logan Energy, incorporated in 2023, explores and produces oil and gas in Alberta and B.C. and has a market cap of C$698.49M, a P/E of 16.83 and a beta of 5.15.

Shares of Logan Energy Corp. (CVE:LGN - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1.03 and last traded at C$1.01, with a volume of 521443 shares changing hands. The stock had previously closed at C$0.99.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. ATB Cormark Capital Markets upgraded shares of Logan Energy to a "moderate buy" rating in a research report on Tuesday, February 17th. Scotiabank raised shares of Logan Energy to a "strong-buy" rating in a research note on Thursday, March 12th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Logan Energy from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 11th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, Logan Energy presently has a consensus rating of "Strong Buy" and a consensus price target of C$1.21.

Logan Energy Trading Up 2.0%

The firm has a 50-day moving average of C$0.84 and a two-hundred day moving average of C$0.82. The firm has a market capitalization of C$698.49 million, a P/E ratio of 16.83 and a beta of 5.15.

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.

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