Surge Energy (ZPTAF) Projected to Post Quarterly Earnings on Wednesday

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

Surge Energy Price Performance

Shares of ZPTAF opened at $6.46 on Monday. The stock has a 50-day moving average of $6.83 and a two-hundred day moving average of $6.33. Surge Energy has a one year low of $4.40 and a one year high of $8.22.

Analysts Set New Price Targets

Separately, BMO Capital Markets reissued an “outperform” rating on shares of Surge Energy in a research report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Surge Energy presently has an average 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.