Surge Energy (ZPTAF) Projected to Release Earnings on Wednesday

Surge Energy (OTCMKTS:ZPTAF) is expected to release its resultson Wednesday, July 29th. Analysts expect Surge Energy to announce earnings of $0.3862 per share and revenue of $96.7630 million for the quarter.

Surge Energy Price Performance

Shares of OTCMKTS:ZPTAF opened at $6.46 on Tuesday. Surge Energy has a twelve month low of $4.40 and a twelve month high of $8.22. The stock’s 50 day moving average is $6.81 and its 200-day moving average is $6.34.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Surge Energy in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

About Surge Energy

Surge Energy Inc is a Calgary-based oil and natural gas exploration and production company trading on the OTC Markets under the ticker ZPTAF. The company focuses on the development of light crude oil, natural gas liquids and natural gas assets across western Canada. Surge’s operations emphasize efficient capital deployment and cost control to optimize production from its resource plays.

Surge Energy holds acreage in key western Canadian resource basins, including the Montney and Duvernay formations in Alberta, the Viking play in Saskatchewan and the Mannville group in Alberta.