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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.


TSX:SGY - Post by User

Bullboard Posts
Post by stockwatcher248on Feb 26, 2017 1:28pm
363 Views
Post# 25895502

various analyst targets on SGY

various analyst targets on SGYSurge Energy Inc (TSE:SGY) had its target price lifted by analysts at BMO Capital Markets from C$3.50 to C$3.75 in a research note issued on Wednesday. BMO Capital Markets target price would indicate a potential upside of 17.55% from the companys previous close. SGY has been the subject of several other reports. Scotiabank reissued a sector perform rating and set a C$3.00 price objective on shares of Surge Energy in a research note on Wednesday, September 7th. CIBC raised shares of Surge Energy from an underperform rating to a sector perform rating in a research note on Wednesday, September 28th. RBC Capital Markets boosted their price objective on shares of Surge Energy from C$2.75 to C$3.00 and gave the company a sector perform rating in a research note on Thursday, October 6th. National Bank Financial boosted their price objective on shares of Surge Energy from C$3.50 to C$3.75 and gave the company an outperform rating in a research note on Wednesday, December 14th. Finally, FirstEnergy Capital boosted their price objective on shares of Surge Energy from C$3.00 to C$3.25 and gave the company an outperform rating in a research note on Wednesday, September 7th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of C$3.18. Surge Energy (TSE:SGY) opened at 3.19 on Wednesday. Surge Energy has a 12-month low of $1.40 and a 12-month high of $3.25. The stocks market cap is $720.15 million. The company has a 50-day moving average price of $2.86 and a 200 day moving average price of $2.62.
Bullboard Posts