Surge Energy (TSE:SGY - Get Free Report) had its price target cut by investment analysts at BMO Capital Markets from C$11.00 to C$9.00 in a research note issued on Friday,BayStreet.CA reports. BMO Capital Markets' price target would suggest a potential upside of 71.43% from the company's previous close.
A number of other brokerages have also recently weighed in on SGY. National Bankshares boosted their price target on shares of Surge Energy from C$11.00 to C$11.25 in a research report on Friday, September 27th. Raymond James raised Surge Energy to a "moderate buy" rating in a research report on Thursday, October 17th. Cormark upgraded Surge Energy to a "moderate buy" rating in a research note on Monday, September 23rd. Finally, Canaccord Genuity Group decreased their price objective on Surge Energy from C$11.00 to C$10.50 in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of C$11.00.
View Our Latest Stock Analysis on SGY
Surge Energy Stock Up 0.6 %
Shares of TSE:SGY traded up C$0.03 during trading on Friday, hitting C$5.25. 332,445 shares of the company were exchanged, compared to its average volume of 475,507. The firm's 50 day moving average price is C$5.87 and its 200-day moving average price is C$6.40. Surge Energy has a 12-month low of C$5.18 and a 12-month high of C$8.16. The company has a debt-to-equity ratio of 29.47, a current ratio of 0.50 and a quick ratio of 0.40. The stock has a market capitalization of C$526.68 million, a P/E ratio of 3.24, a PEG ratio of 0.59 and a beta of 2.54.
Surge Energy Company Profile
(
Get Free Report)
Surge Energy Inc explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc in June 2010.
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