Surge Energy downgraded by Raymond James due to decreased cash flow estimates

From Yahoo Finance: 2025-04-10 11:51:00

Raymond James downgraded Surge Energy (ZPTAF) to Market Perform from Outperform with a price target of C$6, down from C$8.50. Production estimates were lowered by 4% in 2026, with capital spending outlook trimmed beyond 2025. Cash flow per share estimates dropped 19% and 35% for this year and next. Base dividend may be at risk if prices remain weak for an extended period. Source: TheFly. See today’s best-performing stocks on TipRanks. For more information on ZPTAF, visit TipRanks’ Disclaimer & Disclosure page.



Read more at Yahoo Finance: Surge Energy downgraded at Raymond James on decreased cash flow estimates