National Bank Financial upgraded shares of Logan Energy (CVE:LGN - Free Report) to a strong-buy rating in a research report report published on Thursday morning, Zacks.com reports.
A number of other research firms have also recently commented on LGN. Scotiabank raised shares of Logan Energy from a hold rating to a strong-buy rating in a research report on Friday, June 14th. CIBC upped their price objective on shares of Logan Energy from C$1.50 to C$1.75 in a report on Monday, July 15th. Finally, National Bankshares set a C$1.50 target price on shares of Logan Energy and gave the stock an outperform rating in a research note on Friday. Six investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Buy and a consensus price target of C$1.50.
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Logan Energy Price Performance
Shares of CVE:LGN traded up C$0.01 during trading hours on Thursday, hitting C$0.81. The company's stock had a trading volume of 1,576,772 shares, compared to its average volume of 228,428. The firm's fifty day moving average price is C$0.83 and its 200 day moving average price is C$0.86. Logan Energy has a 52 week low of C$0.73 and a 52 week high of C$1.03. The company has a market capitalization of C$377.09 million and a price-to-earnings ratio of -89.50.
Logan Energy Company Profile
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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.
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