Cormark Reiterates “Top Pick” Rating for Surge Energy (TSE:SGY)

Surge Energy (TSE:SGYGet Rating)‘s stock had its “top pick” rating restated by research analysts at Cormark in a research note issued on Wednesday, MarketBeat.com reports. They currently have a C$15.50 target price on the stock. Cormark’s price target would indicate a potential upside of 66.49% from the company’s current price.

Other research analysts have also recently issued research reports about the company. National Bankshares dropped their price target on Surge Energy to C$14.00 in a research report on Friday, September 30th. ATB Capital reiterated an “outperform” rating and set a C$15.00 target price on shares of Surge Energy in a report on Thursday, October 27th.

Surge Energy Stock Down 0.2 %

Shares of TSE SGY opened at C$9.31 on Wednesday. The stock has a market capitalization of C$781.83 million and a price-to-earnings ratio of 8.17. Surge Energy has a 52 week low of C$3.74 and a 52 week high of C$13.68. The firm has a 50-day moving average price of C$9.16 and a 200 day moving average price of C$9.64. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of 43.07.

Surge Energy (TSE:SGYGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported C$0.91 EPS for the quarter, topping the consensus estimate of C$0.49 by C$0.42. The firm had revenue of C$179.30 million for the quarter. Equities research analysts anticipate that Surge Energy will post 1.55 EPS for the current fiscal year.

Surge Energy Company Profile

(Get Rating)

Surge Energy Inc explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan.

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