Logan Energy (CVE:LGN) Upgraded at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Logan Energy (CVE:LGN) to a moderate buy rating in a research note published on Tuesday,Zacks.com reports.

LGN has been the subject of several other reports. Scotiabank lowered their price objective on Logan Energy from C$1.65 to C$1.50 and set an “outperform” rating for the company in a research report on Wednesday, January 21st. Canadian Imperial Bank of Commerce lowered shares of Logan Energy from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$1.15 to C$0.95 in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$1.21.

Logan Energy Stock Down 2.6%

LGN opened at C$0.76 on Tuesday. Logan Energy has a 52-week low of C$0.49 and a 52-week high of C$0.90. The firm’s fifty day simple moving average is C$0.80 and its two-hundred day simple moving average is C$0.80. The company has a market cap of C$452.71 million, a price-to-earnings ratio of 19.00 and a beta of 5.15.

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.