Surge Energy Coverage Initiated at NBF (SGY)
Equities researchers at NBF started coverage on shares of Surge Energy (TSE:SGY) in a research report issued on Wednesday, StockRatingsNetwork.com reports. The firm set an “outperform” rating and a C$8.50 price target on the stock. NBF’s price objective indicates a potential upside of 40.96% from the company’s current price.
A number of other firms have also recently commented on SGY. Analysts at CIBC reiterated a “sector outperform” rating on shares of Surge Energy in a research note to investors on Thursday, January 9th. Finally, analysts at Canaccord Genuity initiated coverage on shares of Surge Energy in a research note to investors on Wednesday, November 20th. They set a “buy” rating and a C$8.00 price target on the stock. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$7.81.
Surge Energy (TSE:SGY) traded up 1.86% during mid-day trading on Wednesday, hitting $6.03. 4,536,120 shares of the company’s stock traded hands. Surge Energy has a 1-year low of $2.68 and a 1-year high of $7.30. The stock’s 50-day moving average is $6.50 and its 200-day moving average is $6.25.
The company also recently declared a Monthly dividend, which is scheduled for Monday, February 17th. Stockholders of record on Monday, February 17th will be given a dividend of 0.0433 per share. This represents a yield of 7.96%. The ex-dividend date of this dividend is Wednesday, January 29th.
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