Roth Capital Predicts 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) - Equities research analysts at Roth Capital issued their FY2027 earnings per share (EPS) estimates for Surge Energy in a report released on Tuesday, July 29th. Roth Capital analyst J. Somerville forecasts that the company will earn $0.70 per share for the year. Roth Capital has a "Strong-Buy" rating on the stock. Roth Capital also issued estimates for Surge Energy's FY2028 earnings at $0.81 EPS.

SGY has been the subject of a number of other reports. Raymond James Financial boosted their price objective on shares of Surge Energy from C$8.00 to C$9.00 and gave the stock an "outperform" rating in a report on Tuesday. ATB Capital upped their target price on shares of Surge Energy from C$7.50 to C$8.25 and gave the stock an "outperform" rating in a report on Tuesday.

Surge Energy Stock Down 0.8%

Shares of SGY stock traded down C$0.06 during trading hours on Thursday, hitting C$7.30. 595,398 shares of the company's stock traded hands, compared to its average volume of 571,280. Surge Energy has a 12-month low of C$4.37 and a 12-month high of C$7.84. The stock has a market cap 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 stock's fifty day simple moving average is C$6.34 and its two-hundred day simple moving average is C$5.71. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48.

Insider Buying and Selling

In other news, Director Allison Michelle Maher sold 13,100 shares of the business's stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of C$7.64, for a total transaction of C$100,070.90. Also, Senior Officer Murray Bye bought 11,845 shares of the business's stock in a transaction dated Friday, May 9th. The shares were bought at an average cost of C$4.88 per share, with a total value of C$57,803.60. 1.97% of the stock is currently owned by company insiders.

Surge Energy Dividend Announcement

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

About Surge Energy

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.