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The latest update is out from Surge Energy ( (TSE:SGY) ).
Surge Energy Inc. announced the results of its annual general meeting, where seven director nominees were elected by shareholders. Additionally, the shareholders approved the appointment of KPMG LLP as auditors for the upcoming year, indicating continued confidence in the company’s leadership and financial oversight.
The most recent analyst rating on (TSE:SGY) stock is a Buy with a C$11.25 price target. To see the full list of analyst forecasts on Surge Energy stock, see the TSE:SGY Stock Forecast page.
Spark’s Take on TSE:SGY Stock
According to Spark, TipRanks’ AI Analyst, TSE:SGY is a Neutral.
Surge Energy’s overall stock score reflects its financial struggles with negative profitability, balanced by robust cash flow and shareholder returns. Technical indicators suggest caution, while a high dividend yield provides some support. The company’s strategic focus on generating cash flow and rewarding shareholders positively impacts its market positioning.
To see Spark’s full report on TSE:SGY stock, click here.
More about Surge Energy
Surge Energy Inc. operates in the energy sector, focusing primarily on oil and gas exploration and production. The company is listed on the Toronto Stock Exchange under the symbol SGY and is based in Calgary, Alberta.
Average Trading Volume: 580,002
Technical Sentiment Signal: Sell
Current Market Cap: C$513.5M
See more data about SGY stock on TipRanks’ Stock Analysis page.