Surge Energy Inc to Post FY2016 Earnings of ($0.08) Per Share, Clarus Securities Forecasts (SGY)
Surge Energy Inc (TSE:SGY) – Stock analysts at Clarus Securities issued their FY2016 earnings estimates for shares of Surge Energy in a report released on Thursday. Clarus Securities analyst R. Pare forecasts that the firm will post earnings of ($0.08) per share for the year. Clarus Securities currently has a “Hold” rating on the stock. Clarus Securities also issued estimates for Surge Energy’s FY2017 earnings at ($0.05) EPS.
A number of other equities research analysts have also issued reports on SGY. Scotiabank reaffirmed a “sector perform” rating and set a C$3.00 price objective on shares of Surge Energy in a report on Friday, July 22nd. TD Securities reaffirmed a “buy” rating and set a C$3.25 price objective on shares of Surge Energy in a report on Friday, July 22nd. National Bank Financial cut their target price on shares of Surge Energy from C$3.50 to C$3.00 in a report on Wednesday, August 3rd. Royal Bank Of Canada reissued a “sector perform” rating and issued a C$2.75 target price on shares of Surge Energy in a report on Wednesday, September 7th. Finally, CIBC raised their target price on shares of Surge Energy from C$2.50 to C$2.75 in a report on Wednesday, September 7th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$2.99.
Shares of Surge Energy (TSE:SGY) opened at 2.63 on Monday. The firm’s 50-day moving average is $2.79 and its 200 day moving average is $2.51. Surge Energy has a 12 month low of $1.40 and a 12 month high of $3.13. The company’s market capitalization is $582.85 million.
In other news, Director Paul Colborne purchased 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were purchased at an average price of C$2.58 per share, for a total transaction of C$25,800.00.
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