What Next for Surge Energy Inc Stock After Today’s Huge Increase?

 What Next for Surge Energy Inc Stock After Today's Huge Increase?

The stock of Surge Energy Inc (TSE:SGY) is a huge mover today! About 348,177 shares traded hands. Surge Energy Inc (TSE:SGY) has risen 28.64% since April 1, 2016 and is uptrending. It has outperformed by 26.68% the S&P500.
The move comes after 6 months positive chart setup for the $591.07M company. It was reported on Nov, 7 by Barchart.com. We have $4.52 PT which if reached, will make TSE:SGY worth $401.93 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 $2.90 average target is 7.81% above today’s ($2.69) stock price. Surge Energy Inc has been the topic of 20 analyst reports since November 10, 2015 according to StockzIntelligence Inc. The firm earned “Speculative Buy” rating on Tuesday, January 19 by Canaccord Genuity. 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) earned “Buy” rating by Mackie on Tuesday, January 12. The stock of Surge Energy Inc (TSE:SGY) earned “Sector Perform” rating by RBC Capital Markets on Thursday, December 10. IBC initiated the stock with “Underperform” rating in Wednesday, June 15 report. Scotia Capital maintained the stock with “Sector Perform” rating in Friday, July 22 report. The firm earned “Sector Perform” rating on Wednesday, September 7 by RBC Capital Markets.

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 $591.07 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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