Surge Energy (TSE:SGY) had its price target boosted by TD Securities from C$1.65 to C$1.75 in a research report released on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.
Several other equities research analysts have also recently weighed in on the stock. Raymond James reiterated an outperform rating and set a C$1.75 price objective on shares of Surge Energy in a research report on Tuesday. GMP Securities decreased their price objective on shares of Surge Energy from C$1.95 to C$1.75 in a research report on Friday, June 28th. Canaccord Genuity decreased their price objective on shares of Surge Energy from C$2.25 to C$2.00 in a research report on Tuesday, July 9th. National Bank Financial decreased their price objective on shares of Surge Energy from C$2.25 to C$1.75 and set an outperform rating for the company in a research report on Tuesday, June 25th. Finally, CIBC decreased their price objective on shares of Surge Energy from C$2.25 to C$1.75 in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Surge Energy currently has a consensus rating of Buy and an average target price of C$2.32.
SGY opened at C$1.07 on Tuesday. Surge Energy has a twelve month low of C$1.06 and a twelve month high of C$2.73. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 56.97. The company has a fifty day moving average of C$1.24 and a 200-day moving average of C$1.32. The stock has a market cap of $357.94 million and a PE ratio of -3.63.
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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