Logan Energy (CVE:LGN) Trading Down 3.3%

Shares of Logan Energy Corp. (CVE:LGN) traded down 3.3% during mid-day trading on Tuesday . The company traded as low as C$0.87 and last traded at C$0.87. 157,472 shares were traded during mid-day trading, a decline of 36% from the average session volume of 244,858 shares. The stock had previously closed at C$0.90.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LGN shares. BMO Capital Markets set a C$1.25 price target on shares of Logan Energy and gave the stock an “outperform” rating in a research note on Tuesday, April 9th. Scotiabank upgraded shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 14th. Finally, TD Securities increased their price target on shares of Logan Energy from C$1.40 to C$1.50 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Logan Energy has a consensus rating of “Buy” and an average price target of C$1.55.

Logan Energy Stock Down 1.1 %

The firm’s 50-day simple moving average is C$0.87 and its 200-day simple moving average is C$0.86.

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.