Will Surge Energy Inc Short Squeeze Soon?

 Will Surge Energy Inc Short Squeeze Soon?

The stock of Surge Energy Inc (TSE:SGY) is a huge mover today! About 780,810 shares traded hands. Surge Energy Inc (TSE:SGY) has risen 23.58% since April 21, 2016 and is uptrending. It has outperformed by 18.17% the S&P500.
The move comes after 6 months negative chart setup for the $624.21M company. It was reported on Nov, 25 by Barchart.com. We have $2.63 PT which if reached, will make TSE:SGY worth $31.21M 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 4.69% above today’s ($2.77) stock price. Surge Energy Inc has been the topic of 20 analyst reports since November 10, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by Scotia Capital given on Friday, July 22. The stock of Surge Energy Inc (TSE:SGY) has “Sector Perform” rating given on Thursday, December 10 by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Wednesday, September 7. Mackie reinitiated it with “Buy” rating and $3 target price in Tuesday, January 12 report. The stock of Surge Energy Inc (TSE:SGY) has “Speculative Buy” rating given on Tuesday, January 19 by Canaccord Genuity. The firm has “Buy” rating given on Friday, July 22 by TD Securities. IBC initiated Surge Energy Inc (TSE:SGY) on Wednesday, June 15 with “Underperform” rating.

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 $624.21 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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