The stock of Surge Energy Inc (TSE:SGY) is a huge mover today! About 227,558 shares traded hands. Surge Energy Inc (TSE:SGY) has risen 29.09% since April 6, 2016 and is uptrending. It has outperformed by 23.44% the S&P500.
The move comes after 9 months negative chart setup for the $676.38M company. It was reported on Nov, 10 by Barchart.com. We have $2.59 PT which if reached, will make TSE:SGY worth $54.11M 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. $4.25 is the highest target while $2 is the lowest. The $2.90 average target is 3.20% above today’s ($2.81) stock price. Surge Energy Inc has been the topic of 20 analyst reports since November 10, 2015 according to StockzIntelligence Inc. Mackie reinitiated Surge Energy Inc (TSE:SGY) on Tuesday, January 12 with “Buy” rating. The rating was initiated by IBC on Wednesday, June 15 with “Underperform”. The firm has “Sector Perform” rating given on Friday, July 22 by Scotia Capital. The firm has “Sector Perform” rating given on Wednesday, September 7 by RBC Capital Markets. RBC Capital Markets maintained Surge Energy Inc (TSE:SGY) on Thursday, December 10 with “Sector Perform” rating. The rating was downgraded by Canaccord Genuity on Tuesday, January 19 to “Speculative Buy”. The rating was maintained by TD Securities on Friday, July 22 with “Buy”.
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 $676.38 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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