In a report released today, Ray Kwan from BMO Capital maintained a Hold rating on Surge Energy (ZPTAF – Research Report), with a price target of C$12.00. The company’s shares closed last Friday at $7.75, close to its 52-week high of $8.67.
According to TipRanks.com, Kwan is a 4-star analyst with an average return of 7.3% and a 49.7% success rate. Kwan covers the Utilities sector, focusing on stocks such as Tamarack Valley Energy, Crescent Point Energy, and Headwater Exploration.
Currently, the analyst consensus on Surge Energy is a Strong Buy with an average price target of $10.12.
The company has a one-year high of $8.67 and a one-year low of $2.88. Currently, Surge Energy has an average volume of 101.7K.
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Surge Energy, Inc. engages in the exploration, development, and production of oil and gas properties. Its properties include Greater Sawn, Valhalla, Sparky, Shaunavon, and Minors that are located in Alberta and Saskatchewan. The company was founded on January 26, 1998 and is headquartered in Calgary, Canada.
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