Surge Energy Inc. (TSE:SGY) has earned a consensus recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$0.84.
A number of research firms have issued reports on SGY. Canaccord Genuity boosted their price objective on shares of Surge Energy from C$0.50 to C$1.00 in a research report on Monday, March 8th. CIBC decreased their price objective on shares of Surge Energy from C$1.00 to C$0.85 and set a “neutral” rating on the stock in a research report on Wednesday, April 14th. BMO Capital Markets boosted their price objective on shares of Surge Energy from C$0.75 to C$1.00 and gave the company a “na” rating in a research report on Monday, March 15th. Stifel Firstegy upgraded shares of Surge Energy from a “hold” rating to a “buy” rating in a research report on Friday, March 5th. Finally, Raymond James lifted their target price on shares of Surge Energy from C$0.75 to C$1.25 and gave the company an “outperform” rating in a research note on Wednesday, March 17th.
SGY traded up C$0.01 on Tuesday, hitting C$0.57. The company’s stock had a trading volume of 1,259,758 shares, compared to its average volume of 1,506,880. The company’s 50 day simple moving average is C$0.60 and its 200-day simple moving average is C$0.41. The firm has a market cap of C$193.68 million and a P/E ratio of -0.26. Surge Energy has a 12 month low of C$0.14 and a 12 month high of C$0.76. The company has a quick ratio of 0.09, a current ratio of 0.10 and a debt-to-equity ratio of 24,891.33.
Surge Energy (TSE:SGY) last announced its quarterly earnings results on Tuesday, March 9th. The company reported C($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.05). The business had revenue of C$59.91 million for the quarter. Equities analysts predict that Surge Energy will post 0.15 earnings per share for the current fiscal year.
Surge Energy Company Profile
Surge Energy Inc explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan.
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