Logan Energy (CVE:LGN) Stock Rating Upgraded by Cormark

Logan Energy (CVE:LGN) was upgraded by Cormark to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports. Cormark also issued estimates for Logan Energy’s FY2026 earnings at $0.12 EPS.

Separately, Scotiabank reduced their target price on Logan Energy from C$1.85 to C$1.75 in a research note on Friday, January 17th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$1.50.

Logan Energy Stock Performance

Shares of Logan Energy stock opened at C$0.67 on Thursday. The business’s 50 day simple moving average is C$0.68 and its 200 day simple moving average is C$0.73. Logan Energy has a 52-week low of C$0.58 and a 52-week high of C$0.97. The firm has a market cap of C$387.20 million and a PE ratio of 19.38.

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.