Logan Energy (CVE:LGN) Upgraded at Scotiabank

Scotiabank upgraded shares of Logan Energy (CVE:LGNFree Report) from a hold rating to a strong-buy rating in a research report report published on Friday morning, Zacks.com reports.

A number of other analysts also recently weighed in on the company. TD Securities increased their price objective on Logan Energy from C$1.40 to C$1.50 and gave the company a buy rating in a report on Tuesday, March 19th. BMO Capital Markets set a C$1.25 target price on Logan Energy and gave the stock an outperform rating in a research report on Tuesday, April 9th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus target price of C$1.55.

View Our Latest Analysis on Logan Energy

Logan Energy Stock Performance

CVE:LGN opened at C$0.83 on Friday. Logan Energy has a 12-month low of C$0.73 and a 12-month high of C$1.24. The stock’s fifty day simple moving average is C$0.88 and its 200-day simple moving average is C$0.85.

Logan Energy (CVE:LGNGet Free Report) last released its earnings results on Monday, March 18th. The company reported C$0.02 earnings per share (EPS) for the quarter. The firm had revenue of C$28.65 million during the quarter. Logan Energy had a negative return on equity of 25.05% and a negative net margin of 6.51%. On average, equities analysts anticipate that Logan Energy will post 0.0098896 EPS for the current fiscal year.

About Logan Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Logan Energy (CVE:LGN)

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