Roth Capital upgraded shares of Surge Energy (TSE:SGY - Free Report) to a strong-buy rating in a research report sent to investors on Sunday morning,Zacks.com reports. 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 upgraded shares of Surge Energy from a "hold" rating to a "moderate buy" rating and upped their price objective for the stock from C$6.00 to C$8.00 in a research report on Thursday, July 3rd. One equities research analyst has rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Strong Buy" and an average price target of C$10.00.
Check Out Our Latest Report on Surge Energy
Surge Energy Price Performance
Shares of TSE:SGY traded down C$0.04 during midday trading on Friday, hitting C$6.87. The stock had a trading volume of 430,773 shares, compared to its average volume of 561,664. The company's 50-day moving average price is C$5.91 and its 200-day moving average price is C$5.62. The company has a market capitalization of C$690.87 million, a P/E ratio of -8.62, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48. Surge Energy has a fifty-two week low of C$4.37 and a fifty-two week high of C$7.27.
Surge Energy Announces Dividend
The business 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 $0.0433 dividend. This represents a $0.52 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Thursday, July 31st. Surge Energy's payout ratio is -65.21%.
Insider Buying and Selling
In related news, Senior Officer Murray Bye acquired 11,845 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average price of C$4.88 per share, with a total value of C$57,803.60. 1.97% of the stock is currently owned by insiders.
Surge Energy Company Profile
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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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