Logan Energy (CVE:LGN) Rating Increased to Moderate Buy at Cormark

Logan Energy (CVE:LGN) was upgraded by stock analysts at Cormark to a “moderate buy” rating in a report issued on Thursday, Zacks.com reports.

Several other analysts have also issued reports on LGN. National Bankshares set a C$1.50 target price on Logan Energy and gave the stock an “outperform” rating in a report on Friday, October 4th. 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 research note on Tuesday, October 8th. Finally, National Bank Financial raised Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$1.41.

Logan Energy Price Performance

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

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.