Analysts Set Expectations for Surge Energy FY2027 Earnings

Key Points

• Roth Capital has projected Surge Energy's FY2027 earnings per share (EPS) to be $0.70, maintaining a "Strong-Buy" rating on the stock, with estimates for FY2028 at $0.81 EPS.
• ATB Capital and Raymond James Financial both raised their price targets for Surge Energy, with the new targets set at C$8.25 and C$9.00 respectively, reflecting optimism in the company's performance.
• Surge Energy recently announced a monthly dividend of $0.0433 with a yield of 6.86%, demonstrating their commitment to returning value to shareholders.

Surge Energy Inc. (TSE:SGY - Free Report) - Roth Capital issued their FY2027 EPS estimates for shares of Surge Energy in a research note issued to investors on Tuesday, July 29th. Roth Capital analyst J. Somerville expects that the company will post earnings per share of $0.70 for the year. Roth Capital currently has a "Strong-Buy" rating on the stock. Roth Capital also issued estimates for Surge Energy's FY2028 earnings at $0.81 EPS.

Several other equities research analysts also recently weighed in on SGY. Raymond James Financial lifted their price target on shares of Surge Energy from C$8.00 to C$9.00 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. ATB Capital lifted their price target on shares of Surge Energy from C$7.50 to C$8.25 and gave the company an "outperform" rating in a research note on Tuesday, July 29th.

Surge Energy Trading Down 0.8%

Shares of TSE:SGY traded down C$0.06 during mid-day trading on Thursday, reaching C$7.30. 595,398 shares of the company's stock were exchanged, compared to its average volume of 571,280. The company has a debt-to-equity ratio of 31.48, a quick ratio of 0.40 and a current ratio of 0.66. The firm has a market capitalization of C$734.11 million, a price-to-earnings ratio of -9.15, a PEG ratio of 0.59 and a beta of 2.54. The business's fifty day moving average price is C$6.34 and its 200-day moving average price is C$5.71. Surge Energy has a twelve month low of C$4.37 and a twelve month high of C$7.84.

Surge Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be paid a dividend of $0.0433 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a c) annualized dividend and a yield of 7.1%. Surge Energy's payout ratio is presently -65.21%.

Insider Activity

In related news, Senior Officer Murray Bye acquired 11,845 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of C$4.88 per share, with a total value of C$57,803.60. Also, Director Allison Michelle Maher sold 13,100 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The shares were sold at an average price of C$7.64, for a total transaction of C$100,070.90. 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.