Logan Energy (CVE:LGN) Stock Price Down 8.2% - Here's What Happened

Key Points

• Logan Energy shares were down 8.2% mid-day, trading as low as C$0.85 and last at C$0.89 (previous close C$0.97), with 283,236 shares traded—about 59% below average—and 50/200‑day moving averages of C$0.86 and C$0.83.
• Several analysts upgraded the stock (Scotiabank, ATB Cormark, CIBC), leaving an average rating of Strong Buy (three Strong Buys, one Buy) and an average price target of C$1.21.
• Logan Energy is an oil & gas exploration and production company operating in northwest Alberta and northeastern British Columbia, with a market capitalization of C$615.5 million, a P/E of 14.83 and a beta of 5.15.

Logan Energy Corp. (CVE:LGN - Get Free Report) traded down 8.2% during mid-day trading on Wednesday . The company traded as low as C$0.85 and last traded at C$0.89. 283,236 shares changed hands during trading, a decline of 59% from the average session volume of 697,120 shares. The stock had previously closed at C$0.97.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Scotiabank raised Logan Energy to a "strong-buy" rating in a report on Thursday, March 12th. ATB Cormark Capital Markets raised Logan Energy to a "moderate buy" rating in a report on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce raised Logan Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 11th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, Logan Energy presently has an average rating of "Strong Buy" and an average price target of C$1.21.

Logan Energy Stock Down 8.2%

The stock has a fifty day moving average of C$0.86 and a 200-day moving average of C$0.83. The firm has a market capitalization of C$615.50 million, a P/E ratio of 14.83 and a beta of 5.15.

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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