Surge Energy (ZPTAF) Stock Price, News & Analysis

Company Overview

Surge Energy Inc. is a Calgary-based oil and natural gas exploration and production company trading on the OTC Markets under the ticker ZPTAF. The company focuses on the development of light crude oil, natural gas liquids and natural gas assets across western Canada. Surge’s operations emphasize efficient capital deployment and cost control to optimize production from its resource plays.

Surge Energy holds acreage in key western Canadian resource basins, including the Montney and Duvernay formations in Alberta, the Viking play in Saskatchewan and the Mannville group in Alberta. The company also operates light oil assets in southeast Saskatchewan, leveraging horizontal drilling and multi-stage fracturing technologies to enhance recovery rates. Surge’s diversified portfolio provides exposure to both liquids-rich and gas-weighted resource plays.

Founded in 2008, Surge Energy has grown through a combination of organic drilling activities and strategic acquisitions. Notable transactions include the acquisition of Kiwetinohk Resources Corp. in 2018 and the merger with Laricina Energy Ltd. in 2019, which expanded the company’s inventory of Montney drilling locations. In recent years, Surge has continued to bolster its position through targeted bolt-on acquisitions to complement its core asset base.

Surge Energy’s leadership team is led by President and CEO Bryan Doerksen, who co-founded the company and has guided its growth strategy since inception. The management team prioritizes operational efficiency, environmental stewardship and community engagement. Surge continues to explore opportunities in emissions management and technological innovation to support its commitment to responsible resource development.

Key Stats

• Today's Range: $5.09 to $5.11
• 50-Day Range: $4.78 to $5.56
• 52-Week Range: $3.11 to $5.74
• Volume: 3,350 shs
• Average Volume: 61,957 shs
• Market Capitalization: N/A
• P/E Ratio: 12.70
• Dividend Yield: 8.27%
• Price Target: $9.00
• Consensus Rating: Buy

Surge Energy Stock Analysis - MarketRank™

Surge Energy scored higher than 56% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Buy

Consensus Rating

Surge Energy has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Upside Potential

Surge Energy has a consensus price target of $9.00, representing about 76.5% upside from its current price of $5.10.

Amount of Analyst Coverage

Surge Energy has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Surge Energy is 12.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 280.60.

Price to Earnings Ratio vs. Sector

The P/E ratio of Surge Energy is 12.70, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 39.94.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Surge Energy has a short interest ratio ("days to cover") of 27.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Surge Energy has recently decreased by 42.94%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Surge Energy is a leading dividend payer. It pays a dividend yield of 25.36%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Surge Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Surge Energy is 104.97%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Surge Energy has a short interest ratio ("days to cover") of 27.6, which indicates bearish sentiment.

Change versus previous month

Short interest in Surge Energy has recently decreased by 42.94%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.92

News Sentiment

Surge Energy has a news sentiment score of 0.92. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Surge Energy this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Surge Energy insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 18.04% of the stock of Surge Energy is held by institutions.

ZPTAF Stock Analysis - Frequently Asked Questions

How have ZPTAF shares performed this year?

Surge Energy's stock was trading at $4.05 on January 1st, 2025. Since then, ZPTAF shares have increased by 25.9% and is now trading at $5.10.

When did Surge Energy's stock split?

Shares of Surge Energy reverse split before market open on Friday, August 20th 2021.The 1-8.5 reverse split was announced on Friday, August 20th 2021. The number of shares owned by shareholders was adjusted after the market closes on Friday, August 20th 2021. An investor that had 100 shares of stock prior to the reverse split would have 12 shares after the split.

How do I buy shares of Surge Energy?

Shares of ZPTAF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Company Calendar

• Ex-Dividend for 7/15 Dividend: 6/30/2025
• Record date for 7/15 Dividend: 7/01/2025
• Dividend Payable: 7/15/2025
• Ex-Dividend for 8/15 Dividend: 7/31/2025
• Record date for 8/15 Dividend: 8/01/2025
• Dividend Payable: 8/15/2025
• Today: 9/17/2025
• Next Earnings (Estimated): 11/04/2025

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:ZPTAF
• CIK: N/A
• Web: www.surgeenergy.ca
• Phone: (403) 930-1010
• Fax: N/A
• Employees: 93
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Surge Energy: $9.00
• High Price Target: $9.00
• Low Price Target: $9.00
• Potential Upside/Downside: +76.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 12.70
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A