Logan Energy Announces First Quarter 2024 Earnings

Logan Energy (CVE:LGN) Q1 2024 Results

Key financial results

Revenue: CAD 23.3 million (up 40% compared to Q1 2023).
Net loss: CAD 1.99 million (loss lower by 94% compared to the first quarter of 2023).

TSXV:LGN Earnings and Revenue History, May 24, 2024

All data shown in the chart above is for a 12-month (TTM) period.

Logan Energy earnings statistics

Looking ahead, revenues are forecast to grow at an average of 44% per year over the next 3 years, compared to a growth forecast for the Canadian oil and gas industry of 5.5%.

Efficiency Canadian oil and gas industry.

The company’s shares fell 1.2% from a week ago.

Risk assessment

We still need to bear in mind the omnipresent specter of investment risk. We’ve identified 2 warning signs with Logan Energy, and understanding them should be part of the investment process.

Pricing is complex, but we help simplify it.

Find out whether Logan Energy is potentially overvalued or undervalued by checking out our comprehensive analysis that covers fair value estimates, risks and warnings, dividends, insider transactions and financial condition.

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This article by Simply Wall St is of a general nature. We comment based on historical data and analyst forecasts, using only an unbiased methodology, and our articles are not intended to provide financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide long-term, focused analysis based on fundamental data. Please note that our analysis may not reflect the latest price-sensitive company announcements or qualitative content. Simply Wall St has no position in any of the stocks mentioned.