ATB Cormark Capital Markets Upgrades Logan Energy (CVE:LGN) to “Moderate Buy”

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

Other research analysts also recently issued research reports about the company. Scotiabank lowered their price target on Logan Energy from C$1.65 to C$1.50 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Canadian Imperial Bank of Commerce downgraded Logan Energy from an “outperform” rating to a “hold” rating and dropped their target price 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 issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$1.21.

Logan Energy Stock Up 4.0%

Shares of Logan Energy stock traded up C$0.03 during trading on Tuesday, hitting C$0.78. The stock had a trading volume of 148,884 shares, compared to its average volume of 281,995. Logan Energy has a 1 year low of C$0.49 and a 1 year high of C$0.90. The stock has a 50 day simple moving average of C$0.80 and a 200 day simple moving average of C$0.80. The company has a market capitalization of C$464.63 million, a PE ratio of 19.50 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.