Logan Energy (CVE:LGN) Upgraded by National Bank Financial to “Strong-Buy”

National Bank Financial upgraded shares of Logan Energy (CVE:LGN) to a strong-buy rating in a report published on Thursday, Zacks.com reports.

A number of other equities research analysts also recently commented on LGN. Scotiabank raised shares of Logan Energy from a hold rating to a strong-buy rating in a research note on Friday, June 14th. CIBC upped their target price on shares of Logan Energy from C$1.50 to C$1.75 in a research report on Monday, July 15th. Finally, National Bankshares set a C$1.50 price target on shares of Logan Energy and gave the company an outperform rating in a research report on Friday. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Buy and a consensus price target of C$1.50.

Logan Energy Stock Performance

Shares of Logan Energy stock opened at C$0.81 on Thursday. The company has a market capitalization of C$377.09 million and a P/E ratio of -89.50. Logan Energy has a 1 year low of C$0.73 and a 1 year high of C$1.03. The company’s fifty day moving average is C$0.83 and its two-hundred day moving average is C$0.86.

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.