Surge Energy Inc (TSE:SGY) – Clarus Securities dropped their FY2018 earnings per share estimates for shares of Surge Energy in a research report issued to clients and investors on Thursday. Clarus Securities analyst R. Pare now forecasts that the company will post earnings of $0.05 per share for the year, down from their prior estimate of $0.10.

SGY has been the topic of a number of other research reports. TD Securities reiterated a “buy” rating and set a C$3.75 price target on shares of Surge Energy in a report on Thursday, April 20th. BMO Capital Markets boosted their price target on Surge Energy from C$3.00 to C$3.25 and gave the stock an “outperform” rating in a research report on Thursday, April 20th. Finally, Scotiabank boosted their price target on Surge Energy from C$3.15 to C$3.25 and gave the stock a “sector perform” rating in a research report on Thursday, April 20th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Surge Energy presently has an average rating of “Buy” and an average target price of C$3.38.

TRADEMARK VIOLATION WARNING: This article was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/08/07/brokers-offer-predictions-for-surge-energy-incs-fy2018-earnings-sgy.html.

Shares of Surge Energy (SGY) opened at 2.22 on Monday. The firm has a 50-day moving average price of $2.08 and a 200 day moving average price of $2.48. The firm’s market cap is $501.20 million. Surge Energy has a 12-month low of $1.91 and a 12-month high of $3.45.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st will be paid a $0.008 dividend. The ex-dividend date is Thursday, July 27th. This represents a $0.10 annualized dividend and a dividend yield of 4.32%.

About Surge Energy

Surge Energy Inc engages in the exploration, development, and production of oil and gas properties in western Canada. The company holds working interests in the Valhalla/Wembley and Nipisi properties located in northwestern Alberta; the Windfall property located in western Alberta; and the Nevis property located to the east of Red Deer, Alberta covering an area of approximately 122,113 net developed acres.

Earnings History and Estimates for Surge Energy (TSE:SGY)

Receive News & Ratings for Surge Energy Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Surge Energy Inc and related companies with MarketBeat.com's FREE daily email newsletter.