Roth Capital Upgrades Logan Energy (CVE:LGN) to Strong-Buy

Roth Capital upgraded shares of Logan Energy (CVE:LGN) to a strong-buy rating in a research report sent to investors on Sunday,Zacks.com reports.

Separately, Cormark upgraded Logan Energy to a “moderate buy” rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Logan Energy currently has an average rating of “Strong Buy” and a consensus target price of C$1.49.

Logan Energy Trading Up 6.1%

Shares of LGN stock opened at C$0.70 on Friday. Logan Energy has a 1-year low of C$0.49 and a 1-year high of C$0.94. The company has a market capitalization of C$404.54 million and a price-to-earnings ratio of 20.25. The stock’s fifty day simple moving average is C$0.62 and its 200-day simple moving average is C$0.64.

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.