Surge Energy Inc (TSE:SGY) – Research analysts at Cormark lowered their FY2017 earnings per share (EPS) estimates for shares of Surge Energy in a note issued to investors on Friday. Cormark analyst G. Ursu now forecasts that the firm will post earnings per share of $0.11 for the year, down from their prior forecast of $0.12. Cormark also issued estimates for Surge Energy’s Q4 2017 earnings at $0.03 EPS.

Earnings History and Estimates for Surge Energy (TSE:SGY)

Other analysts have also recently issued research reports about the stock. Clarus Securities reaffirmed a “hold” rating on shares of Surge Energy in a research report on Thursday. Scotiabank reissued a “sector perform” rating and set a C$3.00 price objective on shares of Surge Energy in a research report on Thursday, August 4th. TD Securities reissued a “buy” rating and set a C$3.25 price objective on shares of Surge Energy in a research report on Thursday, August 4th. CIBC increased their price objective on shares of Surge Energy from C$2.50 to C$2.75 in a research report on Wednesday, September 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a C$2.75 price objective on shares of Surge Energy in a research report on Wednesday, September 7th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Surge Energy has an average rating of “Buy” and an average target price of C$2.99.

Surge Energy (TSE:SGY) opened at 2.63 on Monday. Surge Energy has a 12 month low of $1.40 and a 12 month high of $3.13. The firm’s market cap is $582.85 million. The firm’s 50-day moving average price is $2.79 and its 200-day moving average price is $2.51.

In other news, Director Paul Colborne acquired 10,000 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was purchased at an average price of C$2.58 per share, for a total transaction of C$25,800.00.

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