The stock of Surge Energy Inc (TSE:SGY) is a huge mover today! About 286,509 shares traded hands. Surge Energy Inc (TSE:SGY) has risen 10.04% since March 11, 2016 and is uptrending. It has outperformed by 4.55% the S&P500.
The move comes after 6 months positive chart setup for the $637.70 million company. It was reported on Oct, 18 by Barchart.com. We have $4.12 PT which if reached, will make TSE:SGY worth $261.46 million more.
Surge Energy Inc (TSE:SGY) Ratings Coverage
Out of 9 analysts covering Surge Energy Inc (TSE:SGY), 5 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. $4.25 is the highest target while $2 is the lowest. The $2.89 average target is -1.03% below today’s ($2.92) stock price. Surge Energy Inc has been the topic of 19 analyst reports since November 10, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, July 22 by Scotia Capital. The stock of Surge Energy Inc (TSE:SGY) has “Speculative Buy” rating given on Tuesday, January 19 by Canaccord Genuity. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, December 10 report. TD Securities maintained Surge Energy Inc (TSE:SGY) rating on Friday, July 22. TD Securities has “Buy” rating and $3.25 price target. The stock of Surge Energy Inc (TSE:SGY) has “Underperform” rating given on Wednesday, June 15 by IBC. The firm earned “Sector Perform” rating on Wednesday, September 7 by RBC Capital Markets. The company was reinitiated on Tuesday, January 12 by Mackie.
More news for Surge Energy Inc (TSE:SGY) were recently published by: Business.Financialpost.com, which released: “Surge Energy Inc upgraded as active drilling pays off” on September 28, 2016. Seekingalpha.com‘s article titled: “Surge Energy Is Back On Track” and published on July 25, 2016 is yet another important article.
Surge Energy Inc. is a Canada-based gas and oil exploration, development and production company. The company has a market cap of $637.70 million. The Company’s principal oil and natural gas producing properties are located in Alberta and Saskatchewan, and focused on over three core areas: Western Alberta, Southeast Alberta and Southwest Saskatchewan. It currently has negative earnings. The properties in Northern Alberta include Valhalla/Wembley, Nipisi, Windfall and Nevis.
SGY Company Profile
Stone Energy Corporation, incorporated on March 15, 1993, is an independent oil and natural gas company. The Firm is engaged in the acquisition, exploration, exploitation, development and operation of gas and oil properties. The Firm operates in the Gulf of Mexico (GOM) basin. The Firm has leveraged its activities in the GOM conventional shelf and has its reserve base in the prolific basins of the GOM deep water, Gulf Coast deep gas, and the Marcellus and Utica shales in Appalachia. The Company’s estimated proved oil and natural gas reserves are approximately 60 million barrels of oil equivalents (MMBoe) or 340 billion cubic feet equivalent (Bcfe). Approximately 95 MMBoe or 570 Bcfe of its estimated proved reserves are revised downward. The Company’s subsidiaries are Stone Energy Offshore, L.L.C. (Stone Offshore), Stone Energy Holding, L.L.C., Stone Energy Canada, U.L.C, SEO A LLC and SEO B LLC.
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