Surge Energy (ZPTAF) Expected to Release Earnings on Wednesday

Surge Energy (OTCMKTS:ZPTAF) is expected to be issuing its resultson Wednesday, July 29th. Analysts expect the company to post earnings of $0.3862 per share and revenue of $96.7630 million for the quarter.

Surge Energy Stock Performance

OTCMKTS ZPTAF opened at $6.46 on Wednesday. The business has a fifty day moving average price of $6.88 and a two-hundred day moving average price of $6.30. Surge Energy has a fifty-two week low of $4.40 and a fifty-two week high of $8.22.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets reiterated an “outperform” rating on shares of Surge Energy in a research note on Tuesday, June 2nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Surge Energy Company Profile

Surge Energy Inc is a Calgary-based oil and natural gas exploration and production company trading on the OTC Markets under the ticker ZPTAF. The company focuses on the development of light crude oil, natural gas liquids and natural gas assets across western Canada. Surge’s operations emphasize efficient capital deployment and cost control to optimize production from its resource plays.

Surge Energy holds acreage in key western Canadian resource basins, including the Montney and Duvernay formations in Alberta, the Viking play in Saskatchewan and the Mannville group in Alberta.