Logan Energy (CVE:LGN) Trading Up 1.3% - Still a Buy?

Key Points

• Logan Energy Corp. (CVE:LGN) saw its stock price increase by 1.3% to C$0.79, with trading volume rising to approximately 378,830 shares.
• Roth Capital set a target price of C$1.20 with a "buy" rating, contributing to a consensus rating of "Strong Buy" and a target price of C$1.49 among analysts.
• The company has a market capitalization of C$470.58 million and holds interests in oil and gas properties in Alberta and British Columbia.

Logan Energy Corp. (CVE:LGN - Get Free Report)'s stock price was up 1.3% during mid-day trading on Monday . The company traded as high as C$0.80 and last traded at C$0.79. Approximately 378,830 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 330,831 shares. The stock had previously closed at C$0.78.

Wall Street Analyst Weigh In

Separately, Roth Capital set a C$1.20 target price on Logan Energy and gave the company a "buy" rating in a research report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Strong Buy" and a consensus target price of C$1.49.

Logan Energy Stock Up 1.3%

The stock has a market capitalization of C$470.58 million, a price-to-earnings ratio of 19.75 and a beta of 5.15. The company's fifty day simple moving average is C$0.75 and its 200 day simple moving average is C$0.66.

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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