Should I buy or sell Surge Energy stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SGY shares. View SGY analyst ratings or view top-rated stocks .

What is Surge Energy's stock price target for 2024?

7 Wall Street analysts have issued 1-year price objectives for Surge Energy's stock. Their SGY share price targets range from C$10.00 to C$14.00. On average, they expect the company's share price to reach C$11.79 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price. View analysts price targets for SGY or view top-rated stocks among Wall Street analysts .

How have SGY shares performed in 2024?

Surge Energy's stock was trading at C$6.48 at the beginning of the year. Since then, SGY shares have increased by 19.8% and is now trading at C$7.76. View the best growth stocks for 2024 here .

When is Surge Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our SGY earnings forecast .

How were Surge Energy's earnings last quarter?

Surge Energy Inc. (TSE:SGY) announced its earnings results on Wednesday, March, 6th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.53. The business had revenue of $168.45 million for the quarter, compared to analyst estimates of $179.30 million. Surge Energy had a trailing twelve-month return on equity of 1.87% and a net margin of 2.82%.

How often does Surge Energy pay dividends? What is the dividend yield for Surge Energy?

Surge Energy declared a monthly dividend on Monday, April 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.04 per share on Wednesday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Monday, April 29th. Read our dividend analysis for SGY .

Is Surge Energy a good dividend stock?

Surge Energy (TSE:SGY) pays an annual dividend of C$0.48 per share and currently has a dividend yield of 6.30%. SGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.63%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for SGY .

What other stocks do shareholders of Surge Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Surge Energy investors own include Whitecap Resources (WCP) , Baytex Energy (BTE) , Enbridge (enb) , Vermilion Energy (VET) , ARC Resources (ARX) , Suncor Energy (SU) , Manulife Financial (MFC) , Pembina Pipeline (PPL) , Crescent Point Energy (CPG) and Canadian Natural Resources (CNQ) .

How do I buy shares of Surge Energy?

Shares of SGY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:SGY

Surge Energy (SGY) Stock Price, News & Analysis

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Free SGY Stock Alerts

C$7.76

-0.03 (-0.39%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$7.72
▼
C$7.91
50-Day Range: C$6.29
▼
C$8.09
52-Week Range: C$5.89
▼
C$9.77

Volume: 352,397 shs
Average Volume: 441,071 shs
Market Capitalization: C$780.50 million

P/E Ratio: 4.79
Dividend Yield: 6.19%
Price Target: C$11.79

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Surge Energy alerts:

Surge Energy MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 51.9% Upside
C$11.79 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.88
Based on 5 Articles This Week
Insider Trading: Selling Shares
C$129,053 Sold Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.07 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Surge Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Surge Energy has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for SGY.

2.5

Dividend Strength

Dividend Leadership
Surge Energy is a leading dividend payer. It pays a dividend yield of 6.30%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Surge Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Surge Energy is 29.63%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SGY.

3.3

News and Social Media Coverage

News Sentiment
Surge Energy has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.38 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Surge Energy this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for SGY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
4 people have added Surge Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Surge Energy insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$129,053.00 in company stock.
Percentage Held by Insiders
Only 1.91% of the stock of Surge Energy is held by insiders.
Percentage Held by Institutions
Only 4.01% of the stock of Surge Energy is held by institutions.

3.1

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Surge Energy is 4.79, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Surge Energy is 4.79, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 93.49.
Price to Earnings Growth Ratio
Surge Energy has a PEG Ratio of 0.59. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Surge Energy has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Surge Energy Stock (TSE:SGY)

Surge Energy Inc. explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc. in June 2010. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.

SGY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SGY Stock News Headlines

April 6, 2024 | insidertrades.com

Jared Andrew Renton Ducs Sells 12,515 Shares of Surge Energy Inc. (TSE:SGY) Stock

March 22, 2024 | insidertrades.com

Jared Andrew Renton Ducs Sells 3,933 Shares of Surge Energy Inc. (TSE:SGY) Stock

April 17, 2024 | InvestorPlace (Ad)

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April 15, 2024 | finance.yahoo.com

SURGE ENERGY INC. CONFIRMS MAY 2024 DIVIDEND

April 13, 2024 | msn.com

Surge (2020) Streaming: Watch & Stream Online via Amazon Prime Video

April 13, 2024 | msn.com

Why Surge Was Discontinued (And Where To Find It In 2024)

April 9, 2024 | bloomberg.com

European Nuclear Plants Put Out of Work by Green Power Surge

April 7, 2024 | americanbankingnews.com

Surge Energy Inc. (TSE:SGY) Given Average Recommendation of "Buy" by Analysts

April 17, 2024 | InvestorPlace (Ad)

Forget Nvidia, buy this A.I. Stock Now

March 28, 2024 | msn.com

Master Your Taxes: Get More Back from the CRA This Year

March 26, 2024 | seekingalpha.com

SGY:CA Surge Energy Inc.

March 23, 2024 | finance.yahoo.com

Surge Energy Inc. (TSE:SGY) Stock Goes Ex-Dividend In Just Three Days

March 20, 2024 | msn.com

Energy Suppliers Are Racing to Keep Up with the Data-Driven Energy Surge

March 15, 2024 | finance.yahoo.com

SURGE ENERGY INC. CONFIRMS APRIL 2024 DIVIDEND

March 11, 2024 | seekingalpha.com

Surge Energy: Trading At Just 6 Times Free Cash Flow At US$75 WTI

March 4, 2024 | msn.com

Why surge pricing isn't coming to a fast food menu near you

March 1, 2024 | news.yahoo.com

Wendy's 'surge pricing' debacle: NY politician, social media users decry rumored move

February 28, 2024 | msn.com

Country’s power surge could affect the entire nuclear landscape: ‘A key element’

February 15, 2024 | msn.com

11 Investigates: Power surge takes out appliances, power company won’t cover damage

February 15, 2024 | finance.yahoo.com

SURGE ENERGY INC. CONFIRMS MARCH 2024 DIVIDEND

February 14, 2024 | finance.yahoo.com

Surge Energy Inc. (CA86880Y8779.SG)

February 6, 2024 | msn.com

Hidden Gem: This Dividend Stock, Down 30.5%, Is a Must-Buy

November 20, 2023 | ca.finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - SGY.DB.A

November 11, 2023 | morningstar.com

Surge Energy Inc SGY

November 6, 2023 | seekingalpha.com

Surge Energy: 2024 May Be The Year Of The Shareholder (Technical Analysis)

October 23, 2023 | msn.com

Surge Protector vs. Power Strip: How to Know the Difference

October 19, 2023 | finance.yahoo.com

Canadian Investment Regulatory Organization Trade Resumption - SGY.DB.B

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/17/2024
Ex-Dividend for 5/15 Dividend: 4/29/2024
Next Earnings (Estimated): 5/01/2024
Dividend Payable: 5/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: TSE:SGY
CUSIP: N/A
CIK: N/A
Web: www.surgeenergy.ca
Phone: +1-403-9301010
Fax: N/A
Employees: 93
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$11.79
High Stock Price Target: C$14.00
Low Stock Price Target: C$10.00
Potential Upside/Downside: +51.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.62
Trailing P/E Ratio: 4.79
Forward P/E Ratio: 7.72
P/E Growth: 0.59
Net Income: C$15.75 million
Net Margins: 2.82%
Pretax Margin: N/A
Return on Equity: 1.87%
Return on Assets: 2.32%

Debt

Debt-to-Equity Ratio: 33.44
Current Ratio: 0.52
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: C$558.64 million
Price / Sales: 1.40
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: C$8.41 per share
Price / Book: 0.92

Miscellaneous

Outstanding Shares: 100,580,000
Free Float: N/A
Market Cap: C$780.50 million
Optionable: Not Optionable
Beta: 2.66

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Key Executives

Mr. Paul Colborne (Age 65)
President, CEO & Director
Comp: $984.62k
Mr. Jared Ducs
Chief Financial Officer
Mr. Murray Bye
Chief Operating Officer
Ms. Margaret Ann Elekes
Senior Vice President of Land & Business Development
Mr. Derek Wayne Christie B.Sc.
P.Geol., Senior Vice President of Geosciences
Mr. Michael James Bennett
Corporate Secretary

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

SGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Surge Energy stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SGY shares.
View SGY analyst ratings or view top-rated stocks.
What is Surge Energy's stock price target for 2024?: 7 Wall Street analysts have issued 1-year price objectives for Surge Energy's stock. Their SGY share price targets range from C$10.00 to C$14.00. On average, they expect the company's share price to reach C$11.79 in the next twelve months. This suggests a possible upside of 51.9% from the stock's current price.
View analysts price targets for SGY or view top-rated stocks among Wall Street analysts.
How have SGY shares performed in 2024?: Surge Energy's stock was trading at C$6.48 at the beginning of the year. Since then, SGY shares have increased by 19.8% and is now trading at C$7.76.
View the best growth stocks for 2024 here.
When is Surge Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our SGY earnings forecast.
How were Surge Energy's earnings last quarter?: Surge Energy Inc. (TSE:SGY) announced its earnings results on Wednesday, March, 6th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.53. The business had revenue of $168.45 million for the quarter, compared to analyst estimates of $179.30 million. Surge Energy had a trailing twelve-month return on equity of 1.87% and a net margin of 2.82%.

How often does Surge Energy pay dividends? What is the dividend yield for Surge Energy?: Surge Energy declared a monthly dividend on Monday, April 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.04 per share on Wednesday, May 15th. This represents a $0.48 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date is Monday, April 29th.
Read our dividend analysis for SGY.
Is Surge Energy a good dividend stock?: Surge Energy (TSE:SGY) pays an annual dividend of C$0.48 per share and currently has a dividend yield of 6.30%. SGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.63%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SGY.
What other stocks do shareholders of Surge Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Surge Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Enbridge (enb), Vermilion Energy (VET), ARC Resources (ARX), Suncor Energy (SU), Manulife Financial (MFC), Pembina Pipeline (PPL), Crescent Point Energy (CPG) and Canadian Natural Resources (CNQ).
How do I buy shares of Surge Energy?: Shares of SGY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:SGY) was last updated on 4/17/2024 by MarketBeat.com Staff

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Surge Energy (SGY) Stock Price, News & Analysis

Surge Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Surge Energy Stock (TSE:SGY)

SGY Stock Price History

SGY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

SGY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™