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Surge Energy's stock dropped 11.2% after analysts downgraded their ratings and price targets.
Surge Energy's stock price fell 11.2% on Thursday, trading as low as C$4.44 and closing at C$4.50.
This decline followed downgrades by BMO Capital Markets and Raymond James, who reduced their price targets to C$9.00 and C$6.00, respectively, and lowered the company's rating.
Surge Energy, which focuses on oil and gas operations in western Canada, announced a monthly dividend of C$0.0433 per share, due on April 15th, and has a market capitalization of C$460.58 million.
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El stock de Surge Energy cayó 11,2% después de que los analistas rebajaran sus calificaciones y objetivos de precios.