Analysts Set Surge Energy Inc. (TSE:SGY) PT at C$11.79

Shares of Surge Energy Inc. (TSE:SGYGet Free Report) have earned an average recommendation of “Buy” from the seven ratings firms that are presently covering the firm, reports. Seven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$11.79.

A number of research analysts have weighed in on SGY shares. BMO Capital Markets set a C$10.00 target price on Surge Energy and gave the stock an “outperform” rating in a report on Thursday, March 21st. ATB Capital dropped their price target on Surge Energy from C$13.00 to C$10.50 and set an “outperform” rating on the stock in a research report on Thursday, January 18th. National Bankshares decreased their price objective on Surge Energy from C$13.00 to C$11.00 and set an “outperform” rating for the company in a report on Wednesday, January 10th. Finally, Raymond James dropped their target price on shares of Surge Energy from C$14.00 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, January 19th.

Get Our Latest Report on Surge Energy

Insider Transactions at Surge Energy

In related news, Senior Officer Jared Andrew Renton Ducs sold 12,515 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of C$7.98, for a total transaction of C$99,869.70. Insiders own 1.91% of the company’s stock.

Surge Energy Stock Down 1.1 %

Shares of Surge Energy stock opened at C$7.10 on Thursday. The company has a current ratio of 0.52, a quick ratio of 0.40 and a debt-to-equity ratio of 33.44. Surge Energy has a 12-month low of C$5.89 and a 12-month high of C$9.77. The company has a market cap of C$714.12 million, a P/E ratio of 4.38, a PEG ratio of 0.59 and a beta of 2.66. The company’s fifty day simple moving average is C$7.39 and its two-hundred day simple moving average is C$7.33.

Surge Energy (TSE:SGYGet Free Report) last announced its earnings results on Wednesday, March 6th. The company reported C($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.53). Surge Energy had a net margin of 2.82% and a return on equity of 1.87%. The company had revenue of C$168.45 million for the quarter, compared to the consensus estimate of C$179.30 million. Research analysts anticipate that Surge Energy will post 1.0050697 EPS for the current year.

Surge Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a yield of 6.76%. The ex-dividend date of this dividend is Monday, April 29th. Surge Energy’s dividend payout ratio (DPR) is 29.63%.

About Surge Energy

(Get Free Report

Surge Energy Inc explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc in June 2010.

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Analyst Recommendations for Surge Energy (TSE:SGY)

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