Surge Energy Inc. (TSE:SGY) has been upgraded from Underperform to Sector Perform in a statement by CIBC World Markets earlier today.
- Updated: September 28, 2016
CIBC World Markets has upgraded Surge Energy Inc. (TSE:SGY) from Underperform to Sector Perform in a statement released on 9/28/2016.
On 09/07/2016, CIBC World Markets released a statement for Surge Energy Inc. (TSE:SGY) bumped up the target price from $2.50 to $2.75 that suggested an upside of 0.12%.
Boasting a price of $2.52, Surge Energy Inc. (TSE:SGY) traded 4.82% higher on the day. With the last stock price close up 6.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Surge Energy Inc. has recorded a 50-day average of $2.44 and a two hundred day average of $2.38. Volume of trade was up over the average, with 1,091,107 shares of SGY changing hands over the typical 1,060,890
With a total market value of $0, Surge Energy Inc. has with a one year low of $1.40 and a one year high of $3.72 .
Brief Synopsis About Surge Energy Inc. (TSE:SGY)
Surge Energy Inc. is a Canada-based oil and gas exploration, development and production company. The Company's principal oil and natural gas producing properties are located in Alberta and Saskatchewan, and focused on over three core areas: Western Alberta, Southeast Alberta and Southwest Saskatchewan. The properties in Northern Alberta include Valhalla/Wembley, Nipisi, Windfall and Nevis. The Sparky assets consist of over four main fields spread between Provost and Wainwright in eastern Alberta and western Saskatchewan. The Valhalla/Wembley property is located in northwestern Alberta, over 40 kilometers northwest of Grand Prairie. The Nipisi property is located over 50 kilometers north of the town of Slave Lake, in northwestern Alberta. The Slave Point production is from horizontal wells. The Windfall property is located in western Alberta near Whitecourt. The Nevis property is located over 60 kilometers east of Red Deer, Alberta.
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