The stock of Surge Energy Inc (TSE:SGY) is a huge mover today! About 652,445 shares traded hands. Surge Energy Inc (TSE:SGY) has risen 24.89% since March 24, 2016 and is uptrending. It has outperformed by 21.41% the S&P500.
The move comes after 7 months negative chart setup for the $608.90 million company. It was reported on Oct, 31 by Barchart.com. We have $2.62 PT which if reached, will make TSE:SGY worth $30.45 million less.
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. Surge Energy Inc has been the topic of 20 analyst reports since November 10, 2015 according to StockzIntelligence Inc. The firm earned “Sector Perform” rating on Thursday, December 10 by RBC Capital Markets. The rating was maintained by Scotia Capital with “Sector Perform” on Friday, July 22. The company was downgraded on Tuesday, January 19 by Canaccord Genuity. As per Wednesday, September 7, the company rating was maintained by RBC Capital Markets. IBC initiated it with “Underperform” rating and $2.50 target price in Wednesday, June 15 report. Mackie reinitiated Surge Energy Inc (TSE:SGY) rating on Tuesday, January 12. Mackie has “Buy” rating and $3 price target. As per Friday, July 22, the company rating was maintained by TD Securities.
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 $608.90 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.
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