Logan Energy (CVE:LGN) Stock Moved Down to Sector Perform by Scotia

Key Points

• Scotia downgraded Logan Energy from “outperform” to “sector perform,” while maintaining a C$1.60 price target—approximately 3.23% above the current price.
• Analyst sentiment remains broadly positive, with MarketBeat reporting a consensus “Buy” rating and a C$1.47 consensus price target. Other recent ratings range from “tender” to “strong buy.”
• Logan Energy shares rose 0.6% to C$1.55 in Tuesday trading, giving the company a market capitalization of about C$1.07 billion; the stock has traded between C$0.74 and C$1.59 over the past year.

Logan Energy (CVE:LGN - Get Free Report) was downgraded by equities researchers at Scotia from an "outperform" rating to a "sector perform" rating in a research report issued on Tuesday, BayStreet reports. They presently have a C$1.60 target price on the stock. Scotia's price objective points to a potential upside of 3.23% from the company's current price.

LGN has been the subject of several other research reports. ATB Cormark Capital Markets downgraded Logan Energy from an "outperform" rating to a "tender" rating and set a C$1.50 price objective for the company. in a report on Tuesday. National Bank Financial set a C$1.75 target price on shares of Logan Energy and gave the stock an "outperform" rating in a report on Wednesday, September 30th. Finally, Royal Bank Of Canada set a C$1.50 price target on shares of Logan Energy and gave the stock a "moderate buy" rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$1.47.

Logan Energy Stock Up 0.6%

LGN traded up C$0.01 during trading on Tuesday, hitting C$1.55. The company had a trading volume of 2,148,712 shares, compared to its average volume of 829,618. The company has a market capitalization of C$1.07 billion, a PE ratio of 25.83 and a beta of -0.14. Logan Energy has a one year low of C$0.74 and a one year high of C$1.59. The firm's 50-day moving average price is C$1.20 and its 200 day moving average price is C$0.97.

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.

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