Surge Energy Inc (SGY) Receives Consensus Recommendation of “Buy” from Analysts

Surge Energy Inc (TSE:SGY) has been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$2.46.

A number of analysts have weighed in on the company. Raymond James reiterated an “outperform” rating and issued a C$2.50 price target on shares of Surge Energy in a research report on Tuesday, January 15th. Canaccord Genuity lowered their price target on Surge Energy from C$2.75 to C$2.25 and set a “buy” rating on the stock in a research report on Wednesday, March 13th. Royal Bank of Canada lowered their price target on Surge Energy from C$3.00 to C$2.50 in a research report on Tuesday, January 8th. TD Securities lowered their price target on Surge Energy from C$1.95 to C$1.70 and set a “buy” rating on the stock in a research report on Thursday, March 14th. Finally, National Bank Financial decreased their target price on Surge Energy from C$2.50 to C$2.25 and set an “outperform” rating on the stock in a report on Monday, January 14th.

Shares of TSE:SGY opened at C$1.58 on Wednesday. Surge Energy has a fifty-two week low of C$1.22 and a fifty-two week high of C$2.76. The firm has a market capitalization of $491.77 million and a price-to-earnings ratio of -5.45. The company has a current ratio of 0.71, a quick ratio of 0.43 and a debt-to-equity ratio of 53.51.

Surge Energy (TSE:SGY) last announced its quarterly earnings results on Tuesday, March 12th. The company reported C($0.04) earnings per share for the quarter. The business had revenue of C$58.13 million during the quarter. As a group, research analysts predict that Surge Energy will post 0.0299999975000002 EPS for the current fiscal year.

Surge Energy Company Profile

Surge Energy Inc engages in the exploration, development, and production of oil and gas in western Canada. It holds interest in the Greater Sawn Lake assets located in Northern Alberta; Nipisi property located to the north of the town of Slave Lake in northwestern Alberta; and Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta.

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Analyst Recommendations for Surge Energy (TSE:SGY)

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