Surge Energy (TSE:SGY) Upgraded to Strong-Buy at Roth Capital

Surge Energy (TSE:SGY - Get Free Report) was upgraded by research analysts at Roth Capital to a "strong-buy" rating in a research report issued to clients and investors on Sunday,Zacks.com reports.

Separately, Raymond James Financial upgraded shares of Surge Energy from a "hold" rating to a "moderate buy" rating and lifted their price objective for the company from C$6.00 to C$8.00 in a research note on Thursday, July 3rd. One analyst has rated the stock with a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Surge Energy currently has an average rating of "Strong Buy" and a consensus price target of C$10.00.

Surge Energy Price Performance

SGY opened at C$6.65 on Friday. The stock has a market capitalization of C$668.75 million, a PE ratio of -8.34, a P/E/G ratio of 0.59 and a beta of 2.54. The company has a debt-to-equity ratio of 31.48, a quick ratio of 0.40 and a current ratio of 0.66. Surge Energy has a 1 year low of C$4.37 and a 1 year high of C$7.29. The company's 50 day simple moving average is C$5.74 and its 200 day simple moving average is C$5.59.

Insider Buying and Selling at Surge Energy

In other Surge Energy news, Senior Officer Murray Bye bought 11,845 shares of the company's stock in a transaction dated Friday, May 9th. The shares were bought at an average price of C$4.88 per share, for a total transaction of C$57,803.60. 1.97% of the stock is owned by corporate insiders.

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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