Surge Energy Inc (TSE:SGY) – Equities research analysts at Cormark raised their Q1 2017 earnings estimates for shares of Surge Energy in a report released on Friday. Cormark analyst G. Ursu now forecasts that the firm will post earnings of $0.03 per share for the quarter, up from their previous forecast of $0.02.

SGY has been the subject of a number of other research reports. TD Securities reaffirmed a “buy” rating and set a C$4.00 target price on shares of Surge Energy in a report on Monday, February 27th. BMO Capital Markets lifted their target price on shares of Surge Energy from C$3.50 to C$3.75 in a report on Wednesday, December 21st. Scotiabank reaffirmed a “sector perform” rating and set a C$3.25 target price on shares of Surge Energy in a report on Friday, February 24th. National Bank Financial lifted their target price on shares of Surge Energy from C$3.50 to C$3.75 and gave the stock an “outperform” rating in a report on Wednesday, December 14th. Finally, CIBC lifted their target price on shares of Surge Energy from C$3.00 to C$3.50 in a report on Wednesday, December 14th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Surge Energy has a consensus rating of “Buy” and a consensus target price of C$3.47.

Earnings History and Estimates for Surge Energy (TSE:SGY)

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Shares of Surge Energy (TSE:SGY) opened at 2.46 on Monday. The stock’s market capitalization is $555.35 million. The company’s 50 day moving average price is $2.67 and its 200 day moving average price is $2.82. Surge Energy has a one year low of $1.92 and a one year high of $3.45.

In other news, Director Paul Colborne purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The stock was bought at an average price of C$2.82 per share, with a total value of C$28,200.00. Insiders bought a total of 46,000 shares of company stock valued at $125,350 in the last three months.

Surge Energy Company Profile

Surge Energy Inc is a Canada-based oil and gas exploration, development and production company. The Company’s principal oil and natural gas producing properties are located in Alberta and Saskatchewan, and focused on over three core areas: Western Alberta, Southeast Alberta and Southwest Saskatchewan.

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