Surge Energy (TSE:SGY – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported C$0.04 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$105.89 million during the quarter. Surge Energy had a net margin of 8.01% and a return on equity of 6.18%.
Surge Energy Stock Down 5.2%
SGY opened at C$10.41 on Friday. The company has a market capitalization of C$1.03 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 0.59 and a beta of -0.20. The firm has a 50-day simple moving average of C$11.85 and a two-hundred day simple moving average of C$9.85. The company has a quick ratio of 0.40, a current ratio of 1.04 and a debt-to-equity ratio of 31.11. Surge Energy has a 52 week low of C$6.44 and a 52 week high of C$13.39.
Wall Street Analyst Weigh In
Separately, ATB Cormark Capital Markets boosted their target price on shares of Surge Energy from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Five research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of C$13.65.
Get Our Latest Research Report on SGY
About Surge Energy
Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.
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