Surge Energy Given Consensus Rating of “Buy” by Brokerages (TSE:SGY)
Surge Energy (TSE:SGY) has received an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the stock, ARN reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$7.66.
Surge Energy (TSE:SGY) traded up 1.20% on Friday, hitting $7.58. The stock had a trading volume of 318,941 shares. Surge Energy has a 52 week low of $5.07 and a 52 week high of $8.07. The stock has a 50-day moving average of $7.18 and a 200-day moving average of $6.60. The company’s market cap is $1.361 billion.
Surge Energy (TSE:SGY) last released its earnings data on Wednesday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.04.
A number of analysts have recently weighed in on SGY shares. Analysts at BMO Capital Markets raised their price target on shares of Surge Energy from C$6.25 to C$7.00 in a research note on Friday, June 6th. They now have a “market perform” rating on the stock. Separately, analysts at Paradigm Capital cut their price target on shares of Surge Energy from C$8.25 to C$7.75 in a research note on Wednesday, June 4th. They now have a “buy” rating on the stock. Finally, 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.
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