Logan Energy (CVE:LGN) Upgraded at Cormark

Cormark upgraded shares of Logan Energy (CVE:LGN) to a moderate buy rating in a research report report published on Thursday, Zacks.com reports.

A number of other analysts have also recently weighed in on the company. National Bank Financial upgraded Logan Energy to a “strong-buy” rating in a research note on Thursday, October 3rd. CIBC dropped their price objective on Logan Energy from C$1.75 to C$1.50 and set an “outperform” rating on the stock in a report on Tuesday, October 8th. Finally, National Bankshares set a C$1.50 target price on Logan Energy and gave the stock an “outperform” rating in a research note on Friday, October 4th. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$1.41.

Logan Energy Trading Up 2.6 %

Shares of CVE:LGN opened at C$0.79 on Thursday. Logan Energy has a 52 week low of C$0.73 and a 52 week high of C$1.02. The company’s 50 day moving average is C$0.81 and its two-hundred day moving average is C$0.85. The company has a market cap of C$421.88 million and a PE ratio of -89.50.

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.