In a new note to investors on October 26, an analyst has provided a rating update for the Materials sector company, Surge Energy (TSX: SGY). On October 26, analyst Dan Payne gave a Buy rating to SGY and set a C$4 price target.
According to TipRanks.com, Payne is ranked #4060 out of 4874 analysts.
Read also: Direxion Daily Jr Gld Mnrs (JNUG): Gold Stocks Recovering
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Surge Energy with a C$3.30 average price target, a 61.8% upside from current levels. In a report issued on October 25, TD Securities also reiterated a Buy rating on the stock with a C$3 price target.
.
The company has a one-year high of C$2.76 and a one-year low of C$1.58. Currently, Surge Energy has an average volume of 491.4K.
Surge Energy, Inc. engages in the exploration, development, and production of oil and gas properties. It operates light and medium gravity crude oil properties, primarily in Alberta, Saskatchewan, and Manitoba characterized by oil in place, and crude oil reservoirs. The company was founded on January 26, 1998 and is headquartered in Calgary, Canada.
The company’s shares closed on Friday at C$2.04.
