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.
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.
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