Logan Energy (CVE:LGN) Stock Rating Upgraded by Cormark

Logan Energy (CVE:LGN) was upgraded by investment analysts at Cormark to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports. Cormark also issued estimates for Logan Energy’s FY2026 earnings at $0.12 EPS.

Separately, Scotiabank dropped their target price on shares of Logan Energy from C$1.85 to C$1.75 in a report on Friday, January 17th. Three analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$1.50.

Logan Energy Stock Performance

Shares of LGN stock opened at C$0.66 on Thursday. The firm’s 50-day moving average is C$0.67 and its 200-day moving average is C$0.73. The stock has a market cap of C$381.43 million and a price-to-earnings ratio of 19.09. Logan Energy has a 52-week low of C$0.58 and a 52-week high of C$0.97.

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.