Surge Energy (TSX: SGY), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Anthony Petrucci from Canaccord Genuity rated Surge Energy (TSX: SGY) a Buy, setting a C$3.75 price target.
Petrucci noted:
“We continue to rate SGY a BUY with a C$3.75 target. Our price is NAV based and maps to a 2019 EV/DACF of 5.1x.”
Petrucci has an average return of 4.9% when recommending Surge Energy.
According to TipRanks.com, Petrucci is ranked #2981 out of 4850 analysts.
Read also: Crude Oil: Sell Now, Buy Later
Surge Energy has an analyst consensus of Moderate Buy, with a price target consensus of C$3.33.
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 597.9K.
Surge Energy, Inc. is an oil and gas exploration, development, and production company. 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 Wednesday at C$2.34.
