Surge Energy Given Average Recommendation of “Buy” by Analysts (TSE:SGY)
Surge Energy (TSE:SGY) has received an average recommendation of “Buy” from the thirteen analysts that are currently covering the company, AnalystRatings.NET reports. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$7.61.
Surge Energy (TSE:SGY) opened at 6.77 on Tuesday. Surge Energy has a one year low of $4.62 and a one year high of $7.30. The stock’s 50-day moving average is $6.7 and its 200-day moving average is $6.45.
Surge Energy (TSE:SGY) last released its earnings data on Wednesday, May 14th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.04.
A number of analysts have recently weighed in on SGY shares. Analysts at Paradigm Capital cut their price target on shares of Surge Energy from C$8.50 to C$8.25 in a research note on Tuesday, April 22nd. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Surge Energy in a research note on Monday, April 14th. They set a “sector perform” rating and a C$7.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of Surge Energy from C$8.00 to C$8.50 in a research note on Wednesday, April 2nd. They now have a “buy” rating on the stock.
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