Cormark Comments on Logan Energy's FY2026 Earnings (CVE:LGN)

Key Points

• Cormark has revised its FY2026 earnings estimate for Logan Energy to $0.10 per share, down from a previous forecast of $0.11.
• Roth Capital has set a C$1.20 price target for Logan Energy shares, maintaining a "buy" rating, while the stock has an average target of C$1.49.
• Logan Energy's stock currently trades at C$0.73, with a market capitalization of C$421.88 million and a 52-week high of C$0.93.

Logan Energy Corp. (CVE:LGN - Free Report) - Investment analysts at Cormark cut their FY2026 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 $0.10 for the year, down from their prior forecast of $0.11. 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 report on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Strong Buy" and a consensus price target of C$1.49.

Logan Energy Trading Down 2.5%

LGN stock traded down C$0.02 during trading on Thursday, reaching C$0.78. 219,546 shares of the stock were exchanged, compared to its average volume of 346,661. Logan Energy has a twelve month low of C$0.49 and a twelve month high of C$0.92. The company has a market capitalization of C$450.78 million and a P/E ratio of 22.56. The stock 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.