Logan Energy (CVE:LGN) Upgraded by Cormark to “Moderate Buy”

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

Other equities analysts also recently issued research reports about the company. National Bankshares set a C$1.50 price target on Logan Energy and gave the stock an “outperform” rating in a research report on Friday, October 4th. CIBC decreased their target price 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 Bank Financial raised Logan Energy to a “strong-buy” rating in a report on Thursday, October 3rd. Five research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Logan Energy has an average rating of “Buy” and a consensus target price of C$1.41.

Logan Energy Price Performance

Shares of LGN stock opened at C$0.79 on Thursday. The stock has a market cap of C$421.88 million and a P/E ratio of -89.50. The company has a fifty day moving average price of C$0.81 and a two-hundred day moving average price of C$0.85. Logan Energy has a one year low of C$0.73 and a one year high of C$1.02.

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.