Surge Energy (TSE:SGY – Get Rating) had its price objective lowered by investment analysts at Stifel Nicolaus from C$12.00 to C$11.75 in a research report issued on Thursday, BayStreet.CA reports. Stifel Nicolaus’ target price points to a potential upside of 49.30% from the company’s current price.
Several other equities research analysts have also commented on the stock. Stifel Firstegy restated a “buy” rating on shares of Surge Energy in a report on Thursday, January 12th. Canaccord Genuity Group decreased their target price on shares of Surge Energy from C$14.75 to C$13.75 in a research note on Wednesday, March 29th. Raymond James decreased their target price on shares of Surge Energy from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, January 16th. Finally, National Bankshares reduced their target price on shares of Surge Energy from C$13.00 to C$12.00 in a research report on Tuesday, April 18th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of C$13.67.
Surge Energy Price Performance
SGY stock opened at C$7.87 on Thursday. Surge Energy has a 12 month low of C$7.15 and a 12 month high of C$13.68. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 41.50. The company has a 50-day moving average price of C$8.81 and a 200 day moving average price of C$9.08. The stock has a market cap of C$773.86 million, a PE ratio of 3.04, a P/E/G ratio of 0.59 and a beta of 2.78.
About Surge Energy
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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