Roth Capital Reiterates "C$8.50" Price Target for Surge Energy (TSE:SGY)

Roth Capital set a C$8.50 target price on Surge Energy (TSE:SGY - Free Report) in a research report released on Monday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Roth Capital also issued estimates for Surge Energy's Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at ($0.02) EPS, FY2025 earnings at $0.51 EPS, Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.03 EPS, Q3 2026 earnings at $0.13 EPS, Q4 2026 earnings at $0.14 EPS and FY2026 earnings at $0.30 EPS.

Separately, Raymond James Financial raised shares of Surge Energy from a "hold" rating to a "moderate buy" rating and upped their target price for the stock from C$6.00 to C$8.00 in a report 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's stock. According to data from MarketBeat, Surge Energy has a consensus rating of "Strong Buy" and a consensus price target of C$10.00.

Surge Energy Stock Performance

Shares of SGY stock traded up C$0.32 during mid-day trading on Monday, reaching C$6.91. 970,959 shares of the company's stock traded hands, compared to its average volume of 562,967. The firm has a market capitalization of C$694.89 million, a PE ratio of -8.67, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. 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 50 day moving average price of C$5.86 and a two-hundred day moving average price of C$5.61. Surge Energy has a 12 month low of C$4.37 and a 12 month high of C$7.27.

Surge Energy Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 15th will be given a dividend of $0.0433 per share. This represents a $0.52 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend is Thursday, July 31st. Surge Energy's dividend payout ratio is -65.21%.

Insider Activity

In other Surge Energy news, Senior Officer Murray Bye bought 11,845 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were purchased 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.