Surge Energy (ZPTAF) to Release Quarterly Earnings on Wednesday

Surge Energy (OTCMKTS:ZPTAF) is anticipated to post its results before the market opens on Wednesday, March 11th. Analysts expect Surge Energy to post earnings of $0.0364 per share and revenue of $97.7240 million for the quarter.

Surge Energy Stock Performance

OTCMKTS ZPTAF opened at $5.99 on Wednesday. Surge Energy has a 1 year low of $3.11 and a 1 year high of $6.24. The company has a fifty day moving average of $5.30 and a two-hundred day moving average of $5.12.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial downgraded shares of Surge Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Surge Energy

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.