Surge Energy Inc (TSE:SGY) Has Just Had Its Price Objective Lowered by Investment Analysts at National Bank Financial to $3.50

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Analysis: Surge Energy Inc (TSE:SGY) Target Raised Today

In a very recent research note issued to investors and clients by National Bank Financial on Thursday, 3 December, the firm, Surge Energy Inc (TSE:SGY), had their target price downgraded to $3.50. Analusts at present have a solid Outperform rating on the stock.

From a total of 3 analysts covering Surge Energy Inc (TSE:SGY) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $4.25 while the lowest target price is $2.75. The mean of all analyst targets is $3.50 with a 41.70% above today’s ($2.47) stock price. Surge Energy Inc was the topic of 3 analyst reports since November 10, 2015 according to the firm StockzIntelligence Inc.

Approximately 1.27 million shares of stock traded hands. Surge Energy Inc (TSE:SGY) has declined 45.10% since April 30, 2015 and is downtrending. It has underperformed by 44.81% the S&P500.

Surge Energy Inc (TSE:SGY) Has Just Had Its Price Objective Lowered by Investment Analysts at National Bank Financial to $3.50

Surge Energy Inc. is a Canada-based gas and oil exploration, development and production company. The company has a market cap of $545.88 million. The Firm is focused on and operated gravity crude oil properties, primarily in Alberta, Saskatchewan and Manitoba, characterized by oil in place crude oil reservoirs. It currently has negative earnings. The Company’s principal oil and natural gas producing properties are located in Alberta, Saskatchewan and Manitoba.

According to Zacks Investment Research, “Stone Energy is an independent oil and gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition, exploitation and operation of oil and gas properties located in the Gulf Coast Basin.” Get a free copy of the Zacks research report on Surge Energy Inc (SGY).

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