Logan Energy Corp (TSE:LGN)
:LGN
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Logan Energy Corp
(LGN)
Select Model
Select Model
Rating:67Neutral
Price Target:
C$1.00
▲(7.53% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by improved profitability but constrained by ongoing negative free cash flow and higher leverage risk. Technicals are supportive with strong trend/momentum, valuation appears reasonable on a ~13.4 P/E, and recent acquisition/financing events are positive but highlight continued reliance on external capital.
Positive Factors
Reserve growth and development runway
Meaningful reserve additions and a large mapped inventory (701 net Montney locations) materially extend Logan's multi-year development runway. Strong replacement ratios and higher NPV10 bolster long-term production growth potential and NAV resilience, reducing execution risk across commodity cycles.
Negative Factors
Persistently negative free cash flow
Sustained negative free cash flow reflects heavy investment that operating cash generation does not yet cover. Continued negative FCF raises reliance on external financing, increasing dilution and refinancing risk if capital markets tighten or commodity prices deteriorate, straining long-term self-funded growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Reserve growth and development runway
Meaningful reserve additions and a large mapped inventory (701 net Montney locations) materially extend Logan's multi-year development runway. Strong replacement ratios and higher NPV10 bolster long-term production growth potential and NAV resilience, reducing execution risk across commodity cycles.
Read all positive factors
Logan Energy Corp (LGN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$537.46M
Dividend YieldN/A
Average Volume (3M)403.42K
Price to Earnings (P/E)13.4
Beta (1Y)0.56
Revenue Growth40.83%
EPS Growth26.01%
CountryCA
Employees36
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.02
Shares Outstanding577,917,700
10 Day Avg. Volume564,112
30 Day Avg. Volume403,423
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.59
Price to Sales (P/S)3.09
P/FCF Ratio-6.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$1.33Price Target Upside43.01% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)0.05
Revenue Forecast (FY)C$233.87M
Logan Energy Corp Business Overview & Revenue Model
Company Description
Logan Energy Corp. engages in the acquisition, exploration, and production of oil and natural gas properties. The company holds interest in the Simonette and Pouce Coupe properties in northwest Alberta; and the Flatrock property in British Columbi...
Logan Energy Corp Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 163.73M | 113.87M | 72.72M | 127.86M |
| Gross Profit | 51.08M | 62.70M | -5.65M | 88.50M |
| EBITDA | 95.62M | 50.91M | -4.07M | 61.42M |
| Net Income | 37.78M | 4.55M | -33.80M | 39.40M |
Balance Sheet | ||||
| Total Assets | 515.88M | 365.45M | 234.64M | 131.90M |
| Cash, Cash Equivalents and Short-Term Investments | 47.00K | 324.00K | 53.97M | -251.00K |
| Total Debt | 108.28M | 1.30M | 150.00K | 251.00K |
| Total Liabilities | 198.00M | 90.09M | 60.52M | 36.11M |
| Stockholders Equity | 317.88M | 275.36M | 174.12M | 95.80M |
Cash Flow | ||||
| Free Cash Flow | -84.25M | -161.41M | -61.85M | 59.47M |
| Operating Cash Flow | 107.97M | 50.43M | 23.95M | 67.11M |
| Investing Cash Flow | -184.80M | -196.20M | -68.23M | -22.11M |
| Financing Cash Flow | 76.55M | 92.10M | 98.25M | -45.00M |
Logan Energy Corp Technical Analysis
Neutral
0.93
Price Trends
0.85
Positive
0.84
Positive
0.79
Positive
Market Momentum
0.04
Positive
52.10
Neutral
36.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LGN, the sentiment is Neutral. The current price of 0.93 is below the 20-day moving average (MA) of 0.94, above the 50-day MA of 0.85, and above the 200-day MA of 0.79, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 52.10 is Neutral, neither overbought nor oversold. The STOCH value of 36.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:LGN.
Logan Energy Corp Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | C$1.07B | 2.80 | 24.42% | ― | 24.36% | -55.40% | |
69 Neutral | C$469.37M | 5.70 | 14.00% | 21.85% | -2.90% | -31.97% | |
67 Neutral | C$537.46M | 13.40 | 10.64% | ― | 40.83% | 26.01% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
56 Neutral | C$942.49M | -0.30 | -88.55% | 4.07% | -2.65% | -591.26% | |
50 Neutral | C$399.94M | -8.00 | -10.39% | ― | ― | ― | |
49 Neutral | C$455.02M | -61.93 | -7.11% | ― | 77.10% | -74.02% |
* Energy Sector Average
TSE:LGN
Logan Energy Corp
0.93
0.31
50.00%
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Logan Energy Corp Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Logan Energy Closes Montney Asset Deal and Bolsters Balance Sheet With Equity and Credit Expansion
Positive
Mar 10, 2026
Logan Energy Corp., a growth-oriented oil and gas explorer and producer with core Montney and Kaybob Duvernay assets in Alberta and British Columbia, is led by a management team with a history of generating strong returns across commodity cycles. ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Logan Energy Files Final Prospectus for $33 Million Bought-Deal Offering
Positive
Mar 5, 2026
Logan Energy Corp. has filed and received a receipt for a final short form prospectus in connection with a bought-deal offering of common shares expected to raise approximately $33 million in gross proceeds. The prospectus, available via SEDAR+, i...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Logan Energy Upsizes Equity Financing to Fund Simonette Asset Acquisition
Positive
Feb 20, 2026
Logan Energy Corp. has upsized its previously announced bought-deal equity offerings to approximately $65 million, driven by excess investor demand. The financing comprises a public prospectus offering and a concurrent private placement, with cert...
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Logan Energy Buys Montney Assets, Raises $50 Million and Expands Credit Lines
Positive
Feb 19, 2026
Logan Energy Corp. has agreed to acquire a package of Montney and Deep Basin assets in its core Simonette area from a public company subsidiary for $62.5 million, consolidating its working interest to 100%. The deal adds about 1,400 BOE/d of mostl...
Business Operations and StrategyFinancial Disclosures
Logan Energy Lifts Reserves 31% and Boosts NAV Despite Lower Price Outlook
Positive
Feb 18, 2026
Logan Energy Corp. reported strong 2025 reserve growth, with proved developed producing reserves up 22%, total proved up 28% and total proved plus probable up 31%, while also fully replacing its annual production of 4.8 MMBOE. The company has iden...
Business Operations and StrategyFinancial Disclosures
Logan Energy Sets $140–$150 Million 2026 Budget, Targets 19% Production Growth and Cost Cuts
Positive
Jan 5, 2026
Logan Energy Corp. has set a 2026 capital budget of $140–$150 million, targeting average production of 15,000–16,000 BOE/d and a roughly 19% year-over-year increase in output, while forecasting a 10% reduction in unit operating and tra...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.