Cormark Has Strong Forecast for Logan Energy FY2025 Earnings

Key Points

• Cormark has raised its FY2025 earnings per share estimate for Logan Energy to $0.07, an increase from the previous estimate of $0.06, while the consensus for current earnings is $0.01 per share.
• Roth Capital has set a target price of C$1.20 for Logan Energy, giving it a "buy" rating, contributing to an overall strong buy sentiment with an average price target of C$1.49.
• Logan Energy's stock price has shown 2.8% growth recently and is currently trading at C$0.74, with a market cap of C$427.66 million.

Logan Energy Corp. (CVE:LGN - Free Report) - Equities researchers at Cormark boosted their FY2025 earnings per share (EPS) estimates for Logan Energy in a report issued on Wednesday, August 13th. Cormark analyst K. Baim now forecasts that the company will post earnings per share of $0.07 for the year, up from their previous forecast of $0.06. The consensus estimate for Logan Energy's current full-year earnings is $0.01 per share.

Separately, Roth Capital set a C$1.20 price objective on Logan Energy and gave the company a "buy" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to MarketBeat, Logan Energy presently has a consensus rating of "Strong Buy" and an average price target of C$1.49.

Logan Energy Price Performance

Shares of Logan Energy stock traded down C$0.04 during trading on Friday, hitting C$0.76. 194,445 shares of the company's stock traded hands, compared to its average volume of 345,812. Logan Energy has a 1 year low of C$0.49 and a 1 year high of C$0.92. The stock has a market capitalization of C$439.22 million and a P/E ratio of 21.98. The business has a 50-day simple moving average of C$0.67 and a 200-day simple moving average of 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.