Logan Energy (CVE:LGN) Raised to Strong-Buy at National Bank Financial

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

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

Logan Energy Trading Up 1.3 %

LGN stock opened at C$0.81 on Thursday. The stock’s 50 day simple moving average is C$0.83 and its 200 day simple moving average is C$0.86. Logan Energy has a 12-month low of C$0.73 and a 12-month high of C$1.03. The firm has a market cap of C$377.09 million and a P/E ratio of -89.50.

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.