Q2 EPS Estimates for Surge Energy Raised by Atb Cap Markets

Surge Energy Inc. (TSE:SGY - Free Report) - Equities researchers at Atb Cap Markets lifted their Q2 2025 earnings per share (EPS) estimates for Surge Energy in a note issued to investors on Wednesday, July 16th. Atb Cap Markets analyst A. Arif now forecasts that the company will earn $0.22 per share for the quarter, up from their prior estimate of $0.17. Atb Cap Markets also issued estimates for Surge Energy's FY2025 earnings at $0.59 EPS.

A number of other analysts have also recently commented on SGY. Roth Capital set a C$8.50 target price on Surge Energy and gave the stock a "buy" rating in a research report on Monday, July 14th. Raymond James Financial raised shares of Surge Energy from a "hold" rating to a "moderate buy" rating and raised their price target for the stock from C$6.00 to C$8.00 in a research note on Thursday, July 3rd. One research analyst has rated the stock with a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Surge Energy presently has an average rating of "Strong Buy" and a consensus target price of C$10.00.

Surge Energy Stock Down 0.1%

SGY stock traded down C$0.01 during mid-day trading on Monday, reaching C$6.83. The company had a trading volume of 504,920 shares, compared to its average volume of 562,489. The firm has a fifty day simple moving average of C$5.94 and a 200 day simple moving average of C$5.63. The company has a market capitalization of C$686.85 million, a price-to-earnings ratio of -8.57, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. Surge Energy has a fifty-two week low of C$4.37 and a fifty-two week high of C$7.16. The company has a debt-to-equity ratio of 31.48, a quick ratio of 0.40 and a current ratio of 0.66.

Surge Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a $0.0433 dividend. This represents a $0.52 annualized dividend and a dividend yield of 7.61%. The ex-dividend date is Thursday, July 31st. Surge Energy's payout ratio is -65.21%.

Insider Buying and Selling

In related news, Senior Officer Murray Bye purchased 11,845 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of C$4.88 per share, for a total transaction of C$57,803.60. Corporate insiders own 1.97% of the company's stock.

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.