TD Securities Reaffirms “Buy” Rating for Surge Energy Inc (SGY)
A number of other research analysts also recently commented on the company. Scotiabank reiterated a sector perform rating and set a C$3.25 target price on shares of Surge Energy in a research report on Thursday, February 9th. BMO Capital Markets increased their target price on Surge Energy from C$3.50 to C$3.75 in a research report on Wednesday, December 21st. CIBC increased their target price on Surge Energy from C$3.00 to C$3.50 in a research report on Wednesday, December 14th. Royal Bank of Canada increased their target price on Surge Energy from C$3.00 to C$3.25 and gave the company a sector perform rating in a research report on Wednesday, December 14th. Finally, National Bank Financial increased their target price on Surge Energy from C$3.50 to C$3.75 and gave the company an outperform rating in a research report on Wednesday, December 14th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Surge Energy has a consensus rating of Buy and a consensus target price of C$3.47.
Surge Energy (TSE:SGY) opened at 2.46 on Thursday. The firm’s market capitalization is $555.35 million. Surge Energy has a one year low of $1.92 and a one year high of $3.45. The firm has a 50-day moving average price of $2.67 and a 200-day moving average price of $2.82.
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In related news, Director Paul Colborne purchased 10,000 shares of the stock in a transaction that occurred on Friday, February 24th. The stock was bought at an average cost of C$2.71 per share, for a total transaction of C$27,100.00. Over the last 90 days, insiders purchased 46,000 shares of company stock valued at $125,350.
Surge Energy Company Profile
Surge Energy Inc is a Canada-based oil and gas exploration, development and production company. 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.
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