Atb Cap Markets Comments on Surge Energy Q1 Earnings

Surge Energy Inc. (TSE:SGY - Free Report) - Research analysts at Atb Cap Markets issued their Q1 2026 earnings estimates for Surge Energy in a research note issued on Thursday, May 8th. Atb Cap Markets analyst A. Arif forecasts that the company will earn $0.09 per share for the quarter. Atb Cap Markets also issued estimates for Surge Energy's Q2 2026 earnings at $0.08 EPS, Q3 2026 earnings at $0.09 EPS, Q4 2026 earnings at $0.09 EPS and FY2027 earnings at $0.25 EPS.

Separately, Raymond James downgraded shares of Surge Energy from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from C$8.50 to C$6.00 in a research note on Wednesday, April 9th.

Surge Energy Stock Up 2.9%

SGY stock opened at C$4.98 on Monday. The company has a debt-to-equity ratio of 31.48, a current ratio of 0.66 and a quick ratio of 0.40. The firm has a market capitalization of C$500.80 million, a PE ratio of -6.25, a P/E/G ratio of 0.59 and a beta of 2.54. The company's 50 day simple moving average is C$5.25 and its 200-day simple moving average is C$5.52. Surge Energy has a 12 month low of C$4.37 and a 12 month high of C$7.39.

Insider Activity at Surge Energy

In related news, Senior Officer Murray Bye purchased 11,845 shares of the business's stock in a transaction on Friday, May 9th. The shares were bought at an average price of C$4.88 per share, with a total value of C$57,803.60. Insiders own 1.97% of the company's stock.

Surge Energy Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be paid a dividend of $0.0433 per share. This represents a $0.52 annualized dividend and a dividend yield of 10.43%. The ex-dividend date of this dividend is Wednesday, April 30th. Surge Energy's payout ratio is -65.21%.

Surge Energy Company Profile

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.

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