What’s in Surge Energy Inc After Today’s Huge Increase?

 What's in Surge Energy Inc After Today's Huge Increase?

The stock of Surge Energy Inc (TSE:SGY) is a huge mover today! About 118,702 shares traded hands. Surge Energy Inc (TSE:SGY) has risen 16.53% since April 22, 2016 and is uptrending. It has outperformed by 10.51% the S&P500.
The move comes after 7 months positive chart setup for the $597.93 million company. It was reported on Nov, 28 by Barchart.com. We have $2.97 PT which if reached, will make TSE:SGY worth $47.83 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 5.45% above today’s ($2.75) stock price. Surge Energy Inc has been the topic of 20 analyst reports since November 10, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Surge Energy Inc (TSE:SGY) rating on Friday, July 22. Scotia Capital has “Sector Perform” rating and $3 price target. The firm has “Buy” rating given on Tuesday, January 12 by Mackie. RBC Capital Markets maintained Surge Energy Inc (TSE:SGY) on Thursday, December 10 with “Sector Perform” rating. The stock has “Underperform” rating given by IBC on Wednesday, June 15. As per Tuesday, January 19, the company rating was downgraded by Canaccord Genuity. On Wednesday, September 7 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by TD Securities with “Buy” on Friday, July 22.

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 $597.93 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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