Surge Energy (TSE:SGY) Receives “Outperform” Rating from Raymond James

Share on StockTwits

Raymond James reiterated their outperform rating on shares of Surge Energy (TSE:SGY) in a research note published on Tuesday, BayStreet.CA reports. They currently have a C$1.75 price objective on the stock.

Several other equities research analysts have also recently commented on the stock. TD Securities boosted their price objective on shares of Surge Energy from C$1.70 to C$2.00 and gave the company a buy rating in a research report on Thursday, May 9th. CIBC cut their price objective on shares of Surge Energy from C$2.25 to C$1.75 in a research report on Thursday, July 18th. GMP Securities cut their price objective on shares of Surge Energy from C$1.95 to C$1.75 in a research report on Friday, June 28th. Canaccord Genuity cut their price objective on shares of Surge Energy from C$2.25 to C$2.00 in a research report on Tuesday, July 9th. Finally, National Bank Financial cut their price objective on shares of Surge Energy from C$2.25 to C$1.75 and set an outperform rating on the stock in a research report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of Buy and an average target price of C$2.32.

SGY opened at C$1.07 on Tuesday. The stock has a market capitalization of $357.94 million and a P/E ratio of -3.63. Surge Energy has a 12 month low of C$1.06 and a 12 month high of C$2.73. The firm’s fifty day simple moving average is C$1.24 and its 200 day simple moving average is C$1.32. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 56.97.

The firm also recently declared a monthly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 15th were given a dividend of $0.0083 per share. The ex-dividend date was Tuesday, July 30th. This represents a $0.10 annualized dividend and a yield of 9.31%. Surge Energy’s dividend payout ratio (DPR) is presently -33.61%.

About Surge Energy

Surge Energy Inc engages in the exploration, development, and production of oil and gas in western Canada. It holds interest in the Greater Sawn Lake assets located in Northern Alberta; Nipisi property located to the north of the town of Slave Lake in northwestern Alberta; and Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta.

See Also: What are the reasons investors use put options?

Analyst Recommendations for Surge Energy (TSE:SGY)

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



Latest News

Meeder Asset Management Inc. Reduces Position in Capri Holdings Ltd
Meeder Asset Management Inc. Reduces Position in Capri Holdings Ltd
Meeder Asset Management Inc. Buys 435 Shares of Allstate Corp
Meeder Asset Management Inc. Buys 435 Shares of Allstate Corp
Meeder Asset Management Inc. Reduces Stock Holdings in Helmerich & Payne, Inc.
Meeder Asset Management Inc. Reduces Stock Holdings in Helmerich & Payne, Inc.
SBA Communications Co.  Shares Sold by Meeder Asset Management Inc.
SBA Communications Co. Shares Sold by Meeder Asset Management Inc.
Cactus Inc  Position Increased by Meeder Asset Management Inc.
Cactus Inc Position Increased by Meeder Asset Management Inc.
Meeder Asset Management Inc. Purchases 622 Shares of Zions Bancorporation NA
Meeder Asset Management Inc. Purchases 622 Shares of Zions Bancorporation NA


© 2006-2019 Ticker Report