Logan Energy (CVE:LGN) Upgraded by ATB Cormark Capital Markets to Moderate Buy Rating

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

Several other analysts have also commented on LGN. Scotiabank dropped their price target on shares of Logan Energy from C$1.65 to C$1.50 and set an “outperform” rating on the stock 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 target for the company from C$1.15 to C$0.95 in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Logan Energy presently has a consensus rating of “Buy” and an average target price of C$1.21.

Logan Energy Trading Up 4.0%

Shares of CVE:LGN traded up C$0.03 on Tuesday, reaching C$0.78. The company had a trading volume of 48,384 shares, compared to its average volume of 282,021. The firm has a market capitalization of C$464.63 million, a PE ratio of 19.50 and a beta of 5.15. The firm’s 50 day simple moving average is C$0.80 and its 200-day simple moving average is C$0.80. Logan Energy has a 52-week low of C$0.49 and a 52-week high of C$0.90.

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.