Analyst Jeremy Mccrea from BMO Capital maintained a Buy rating on Logan Energy Corp and keeping the price target at C$1.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Jeremy Mccrea has given his Buy rating due to a combination of factors including Logan Energy Corp’s strong management team with a proven track record in mergers and acquisitions, which is crucial for generating shareholder value. The alignment of interests is evident with insiders holding approximately 20% of the company and a strategic growth target of over 50% annually through M&A activities, making it appealing for growth-focused investors.
Additionally, the company’s operational efficiency is highlighted by the successful commissioning of the 4-19 facility ahead of schedule and at a cost-effective $37 million, demonstrating superior capital efficiency. The robust performance of the Pouce Coupe wells further supports investor confidence, alongside the company’s substantial inventory runway with over 650 Montney and 160 Duvernay locations, ensuring long-term growth potential.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$1.00 price target.