Logan Energy (CVE:LGN) Upgraded by National Bank Financial to “Strong-Buy”

National Bank Financial upgraded shares of Logan Energy (CVE:LGN) to a strong-buy rating in a report released on Thursday morning, Zacks.com reports.

A number of other research analysts also recently commented on LGN. Scotiabank raised Logan Energy from a hold rating to a strong-buy rating in a research note on Friday, June 14th. National Bankshares set a C$1.50 price target on shares of Logan Energy and gave the stock an outperform rating in a research report on Friday. Finally, CIBC lifted their price objective on shares of Logan Energy from C$1.50 to C$1.75 in a research note on Monday, July 15th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Logan Energy has a consensus rating of Buy and a consensus price target of C$1.50.

Logan Energy Stock Performance

LGN traded up C$0.01 on Thursday, reaching C$0.81. The company had a trading volume of 1,576,772 shares, compared to its average volume of 228,428. The company’s fifty day moving average is C$0.83 and its 200 day moving average is C$0.86. The stock has a market cap of C$377.09 million and a P/E ratio of -89.50. Logan Energy has a fifty-two week low of C$0.73 and a fifty-two week high of C$1.03.

About Logan Energy

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.