Surge Energy (SGY) Stock Forecast & Price Target

C$6.94

+0.02 (+0.29%)

(As of 07/26/2024 ET)

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Surge Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy
Based on 6 Analyst Ratings

Based on 6 Wall Street analysts who have issued ratings for Surge Energy in the last 12 months, the stock has a consensus rating of "Buy." Out of the 6 analysts, 6 have given a buy rating for SGY.

Consensus Price Target

C$11.58
66.91% Upside

High Forecast	C$14.00
Average Forecast	C$11.58
Low Forecast	C$10.00

According to the 6 analysts' twelve-month price targets for Surge Energy, the average price target is C$11.58. The highest price target for SGY is C$14.00, while the lowest price target for SGY is C$10.00. The average price target represents a forecasted upside of 66.91% from the current price of C$6.94.

Type	Current Forecast 7/27/23 to 7/26/24	1 Month Ago 6/27/23 to 6/26/24	3 Months Ago 4/28/23 to 4/27/24	1 Year Ago 7/27/22 to 7/27/23
Consensus Rating	Buy	Buy	Buy	Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$11.58	C$11.58	C$11.79	C$12.88
Forecasted Upside	66.91% Upside	64.54% Upside	66.79% Upside	47.54% Upside

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SGY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SGY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Surge Energy Stock vs. The Competition

Type	Surge Energy	Energy Companies
Consensus Rating Score	3.00	2.72
Consensus Rating	Buy	Moderate Buy
News Sentiment Rating	Positive News	Neutral News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/21/2024	BMO Capital Markets 3 of 5 stars		Set Target	Outperform	C$10.00	+35.14%
1/19/2024	Raymond James 4 of 5 stars		Lower Target	Outperform	C$14.00 ➝ C$12.00	+94.17%
1/18/2024	ATB Capital 4 of 5 stars		Lower Target	Outperform	C$13.00 ➝ C$10.50	+68.27%
1/10/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$13.00 ➝ C$11.00	+75.16%
12/11/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$12.50 ➝ C$12.00	+81.00%
10/20/2023	Stifel Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dunn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
Get the Latest News and Ratings for SGY and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Surge Energy and its competitors with MarketBeat's FREE daily newsletter.
10/20/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$12.00 ➝ C$14.00	+50.05%
6/21/2023	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$13.00	+80.31%
1/12/2023	Stifel Firstegy Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dunn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
11/23/2022	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Top Pick	C$15.50	+66.13%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 09:08 PM ET.

SGY Forecast - Frequently Asked Questions

What is Surge Energy's forecast for 2024?: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Surge Energy is C$11.58, with a high forecast of C$14.00 and a low forecast of C$10.00.
Should I buy or sell Surge Energy stock right now?: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SGY shares.
Does Surge Energy's stock price have much upside?: According to analysts, Surge Energy's stock has a predicted upside of 64.54% based on their 12-month stock forecasts.
Do Wall Street analysts like Surge Energy more than its competitors?: Analysts like Surge Energy more than other "energy" companies. The consensus rating for Surge Energy is Buy while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how SGY compares to other companies.