Several other research firms have also commented on SGY. National Bank Financial lowered their price target on shares of Surge Energy from C$3.50 to C$3.00 in a research report on Wednesday, August 3rd. Royal Bank Of Canada reiterated a sector perform rating and issued a C$2.75 price target on shares of Surge Energy in a research report on Wednesday, September 7th. TD Securities reiterated a buy rating and issued a C$3.25 price target on shares of Surge Energy in a research report on Friday, July 22nd. Paradigm Capital raised shares of Surge Energy from a hold rating to a buy rating and upped their price objective for the company from C$2.50 to C$3.00 in a research note on Wednesday, September 7th. Finally, Scotiabank reissued a sector perform rating and set a C$3.00 price objective on shares of Surge Energy in a research note on Thursday, August 4th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Surge Energy presently has an average rating of Buy and an average price target of C$2.94.
Shares of Surge Energy (TSE:SGY) opened at 2.71 on Wednesday. Surge Energy has a 12-month low of $1.40 and a 12-month high of $3.71. The company has a 50-day moving average of $2.47 and a 200 day moving average of $2.38. The firm’s market cap is $599.04 million.
In other Surge Energy news, Director Paul Colborne bought 10,000 shares of the business’s stock in a transaction dated Thursday, September 8th. The shares were acquired at an average price of C$2.58 per share, with a total value of C$25,800.00.
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