Scotiabank Upgrades Logan Energy (CVE:LGN) to “Strong-Buy”

Logan Energy (CVE:LGN) was upgraded by stock analysts at Scotiabank to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently commented on LGN. ATB Cormark Capital Markets raised shares of Logan Energy to a “moderate buy” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce raised shares of Logan Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy” and a consensus price target of C$1.21.

Logan Energy Price Performance

Shares of LGN stock opened at C$0.95 on Thursday. Logan Energy has a one year low of C$0.49 and a one year high of C$0.98. The stock has a fifty day moving average price of C$0.81 and a 200 day moving average price of C$0.81. The stock has a market cap of C$565.89 million, a P/E ratio of 23.75 and a beta of 5.15.

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.