Logan Energy (CVE:LGN) Hits New 52-Week High – Still a Buy?

Logan Energy Corp. (CVE:LGN)’s share price reached a new 52-week high on Wednesday . The company traded as high as C$1.08 and last traded at C$1.07, with a volume of 585372 shares traded. The stock had previously closed at C$0.98.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on LGN shares. National Bank Financial raised their price target on Logan Energy from C$1.50 to C$1.75 and gave the company an “outperform” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada set a C$1.50 target price on Logan Energy and gave the company a “moderate buy” rating in a report on Monday. Finally, Scotiabank upgraded Logan Energy to a “strong-buy” rating in a report on Friday, June 26th. Two analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, Logan Energy presently has an average rating of “Buy” and an average target price of C$1.38.

Logan Energy Price Performance

The stock has a market capitalization of C$767.65 million, a P/E ratio of 27.75 and a beta of -0.05. The firm has a 50 day moving average of C$0.91 and a 200-day moving average of C$0.90.

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.