Surge Energy Receives Consensus Rating of “Buy” from Brokerages (TSE:SGY)
Surge Energy (TSE:SGY) has earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock, AnalystRatingsNetwork.com reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$8.55.
Surge Energy (TSE:SGY) opened at 8.04 on Monday. Surge Energy has a 52-week low of $5.51 and a 52-week high of $8.64. The stock’s 50-day moving average is $7.9 and its 200-day moving average is $6.92. The company has a market cap of $1.750 billion and a price-to-earnings ratio of 22.81.
Surge Energy (TSE:SGY) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.17.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Surge Energy from C$8.00 to C$8.50 in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock. Separately, analysts at Dundee Securities raised their price target on shares of Surge Energy from C$9.25 to C$10.00 in a research note on Friday, August 1st. Finally, analysts at NBF raised their price target on shares of Surge Energy from C$8.50 to C$10.00 in a research note on Friday, August 1st.
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