TSE:SGY Surge Energy (SGY) Stock Forecast, Price & News C$7.87 +0.13 (+1.68%) (As of 06/7/2023 ET) Add Compare Share Share Today's RangeC$7.77▼C$7.9150-Day RangeC$7.47▼C$9.5752-Week RangeC$7.15▼C$13.68Volume186,326 shsAverage Volume579,601 shsMarket CapitalizationC$773.86 millionP/E Ratio2.47Dividend Yield6.10%Price TargetC$13.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Surge Energy MarketRank™ ForecastAnalyst RatingBuy3.20 Rating ScoreUpside/Downside73.7% UpsideC$13.67 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.55Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.62 out of 5 stars 3.6 Analyst's Opinion Consensus RatingSurge Energy has received a consensus rating of Buy. The company's average rating score is 3.20, and is based on 4 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$13.67, Surge Energy has a forecasted upside of 73.7% from its current price of C$7.87.Amount of Analyst CoverageSurge Energy has received no research coverage in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for SGY. Previous Next 2.5 Dividend Strength Dividend LeadershipSurge Energy is a leading dividend payer. It pays a dividend yield of 6.37%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthSurge Energy does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Surge Energy is 15.05%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SGY. Previous Next 1.4 News and Social Media Coverage News SentimentSurge Energy has a news sentiment score of 0.55. 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 Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Surge Energy this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for SGY on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Surge Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Surge Energy insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.97% of the stock of Surge Energy is held by insiders.Percentage Held by InstitutionsOnly 21.56% of the stock of Surge Energy is held by institutions. Previous Next 3.1 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Surge Energy is 2.47, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.34.Price to Earnings Ratio vs. SectorThe P/E ratio of Surge Energy is 2.47, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 48.44.Price to Earnings Growth RatioSurge Energy has a PEG Ratio of 0.59. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioSurge Energy has a P/B Ratio of 0.90. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Surge Energy (TSE:SGY) StockSurge Energy Inc. explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan. It holds an average working interest of approximately 84% in approximately 123,884 net developed acres and approximately 83% in approximately 68,031 net undeveloped acres in Greater Sawn area; approximately 70% in approximately 22,920 net developed acres and approximately 72% in approximately 10,680 net undeveloped acres in Valhalla area; and approximately 90 % in approximately 59,655 net developed acres and 98% in approximately 47,398 net undeveloped acres in Sparky area. As of December 31, 2021, it held interests in 362 net oil and 20 net gas wells in Greater Sawn area; 100 net oil and 9 net gas wells in Valhalla area; 424 net oil and 6 net gas wells in Sparky area; and 185 net oil wells, as well as an average working interest of approximately 100% in approximately 24,249 net developed acres and 12,021 net undeveloped acres in the Shaunavon properties. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc. in June 2010. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.Read More Receive SGY Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Surge Energy and its competitors with MarketBeat's FREE daily newsletter. Email Address SGY Stock News HeadlinesJune 7, 2023 | msn.comPower surge: KC won’t penalize energy use violatorsJune 5, 2023 | theglobeandmail.comClosing Bell: Surge Energy Inc 6.75 Pct Debs down on Monday (SGY-DB-A)June 8, 2023 | UNKNOWN (Ad)This NASDAQ Stock Is The Amazon Of Medical SupplyThis Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More NowMay 28, 2023 | americanbankingnews.comSurge Energy Inc. (SGY) To Go Ex-Dividend on May 30thMay 23, 2023 | americanbankingnews.comSurge Energy Inc. (TSE:SGY) Receives C$13.67 Average Price Target from BrokeragesMay 20, 2023 | bloomberg.comNatural Gas Prices Surge on Signs of Tightening US SupplyMay 16, 2023 | theglobeandmail.comClosing Bell: Surge Energy Inc 6.75 Pct Debs flat on Monday (SGY-DB-A)May 15, 2023 | finance.yahoo.comSURGE ENERGY INC. CONFIRMS JUNE 2023 DIVIDENDJune 8, 2023 | UNKNOWN (Ad)This NASDAQ Stock Is The Amazon Of Medical SupplyThis Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More NowMay 13, 2023 | msn.comSurge Energy Offers A Generous 6% Dividend Yield, But I Prefer The DebenturesMay 10, 2023 | americanbankingnews.comAtb Cap Markets Comments on Surge Energy Inc.'s Q2 2023 Earnings (TSE:SGY)May 7, 2023 | americanbankingnews.comStifel Nicolaus Trims Surge Energy (TSE:SGY) Target Price to C$11.75April 29, 2023 | marketwatch.comSurge Energy America Announces Strong 2022 Sustainability and Financial PerformanceApril 28, 2023 | theglobeandmail.comClosing Bell: Surge Energy Inc up on Friday (SGY)April 28, 2023 | americanbankingnews.comSurge Energy Inc. (TSE:SGY) Receives C$13.71 Consensus PT from AnalystsApril 28, 2023 | americanbankingnews.comBrokers Set Expectations for Surge Energy Inc.'s FY2023 Earnings (TSE:SGY)April 27, 2023 | americanbankingnews.comSurge Energy Inc. (TSE:SGY) to Post Q3 2023 Earnings of $0.30 Per Share, Atb Cap Markets ForecastsApril 26, 2023 | americanbankingnews.comAtb Cap Markets Analysts Reduce Earnings Estimates for Surge Energy Inc. (TSE:SGY)April 25, 2023 | americanbankingnews.comSurge Energy Inc. Forecasted to Earn FY2024 Earnings of $0.77 Per Share (TSE:SGY)April 24, 2023 | markets.businessinsider.comSurge Energy America Announces S&P Credit Ratings UpgradeApril 22, 2023 | finance.yahoo.comThere's A Lot To Like About Surge Energy's (TSE:SGY) Upcoming CA$0.04 DividendApril 21, 2023 | americanbankingnews.comSurge Energy (TSE:SGY) PT Lowered to C$12.00 at National BanksharesApril 21, 2023 | americanbankingnews.comSurge Energy Inc. (TSE:SGY) Forecasted to Post Q1 2023 Earnings of $0.36 Per ShareApril 19, 2023 | americanbankingnews.comSurge Energy Inc. (SGY) to Issue Monthly Dividend of $0.04 on May 15thApril 19, 2023 | theglobeandmail.comClosing Bell: Surge Energy Inc down on Tuesday (SGY)April 18, 2023 | americanbankingnews.comSurge Energy Inc. (TSE:SGY) Expected to Earn Q4 2023 Earnings of $0.36 Per ShareApril 12, 2023 | theglobeandmail.comClosing Bell: Surge Energy Inc 6.75 Pct Debs up on Wednesday (SGY-DB-A)See More Headlines SGY Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SGY Company Calendar Ex-Dividend for 5/15 Dividend4/27/2023Last Earnings5/03/2023Dividend Payable5/15/2023Ex-Dividend for 6/15 Dividend5/30/2023Today6/07/2023Dividend Payable6/15/2023Next Earnings (Estimated)7/26/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas E & P Sub-IndustryN/A SectorOils/Energy Current SymbolTSE:SGY CUSIPN/A CIKN/A Webwww.surgeenergy.ca Phone+1-403-9301010FaxN/AEmployees76Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$13.67 High Stock Price ForecastC$15.50 Low Stock Price ForecastC$11.75 Forecasted Upside/Downside+73.4%Consensus RatingBuy Rating Score (0-4)3.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)C$3.19 Trailing P/E Ratio2.47 Forward P/E Ratio6.91 P/E Growth0.59Net IncomeC$268.38 million Net Margins44.74% Pretax MarginN/A Return on Equity39.63% Return on Assets10.56% Debt Debt-to-Equity Ratio39.28 Current Ratio0.51 Quick Ratio0.40 Sales & Book Value Annual SalesC$599.85 million Price / Sales1.29 Cash FlowN/A Price / Cash FlowN/A Book ValueC$8.76 per share Price / Book0.90Miscellaneous Outstanding Shares98,330,000Free FloatN/AMarket CapC$774.84 million OptionableNot Optionable Beta2.77 Key ExecutivesMr. Paul Colborne (Age 64)Pres, CEO & Director Comp: $842.57kMr. Jared DucsChief Financial OfficerMr. Murray ByeChief Operating OfficerMs. Margaret Ann ElekesSr. VP of Land & Bus. Devel.Mr. Derek Wayne Christie B.Sc.P.Geol., Sr. VP of GeosciencesMr. Michael James BennettCorp. Sec.More ExecutivesKey CompetitorsStorm ResourcesTSE:SRXCrew EnergyTSE:CRTORC Oil & Gas Ltd. (TOG.TO)TSE:TOGObsidian EnergyTSE:OBEKiwetinohk EnergyTSE:KECView All CompetitorsInsidersMurray ByeSold 30,373 sharesTotal: C$292,507.18 ($9.63/share)View All Insider Transactions SGY Stock - Frequently Asked Questions Should I buy or sell Surge Energy stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SGY shares. View SGY analyst ratings or view top-rated stocks. What is Surge Energy's stock price forecast for 2023? 5 Wall Street research analysts have issued 12-month price objectives for Surge Energy's shares. Their SGY share price forecasts range from C$11.75 to C$15.50. On average, they anticipate the company's stock price to reach C$13.67 in the next year. This suggests a possible upside of 73.4% from the stock's current price. View analysts price targets for SGY or view top-rated stocks among Wall Street analysts. How have SGY shares performed in 2023? Surge Energy's stock was trading at C$9.11 on January 1st, 2023. Since then, SGY shares have decreased by 13.5% and is now trading at C$7.88. View the best growth stocks for 2023 here. When is Surge Energy's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our SGY earnings forecast. How were Surge Energy's earnings last quarter? Surge Energy Inc. (TSE:SGY) announced its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.02. The business earned $161.97 million during the quarter, compared to the consensus estimate of $158.40 million. Surge Energy had a trailing twelve-month return on equity of 39.63% and a net margin of 44.74%. How often does Surge Energy pay dividends? What is the dividend yield for Surge Energy? Surge Energy declared a monthly dividend on Monday, May 15th. Investors of record on Wednesday, May 31st will be given a dividend of 0.04 per share on Thursday, June 15th. This represents a $0.48 annualized dividend and a yield of 6.09%. The ex-dividend date is Tuesday, May 30th. Read our dividend analysis for SGY. Is Surge Energy a good dividend stock? Surge Energy (TSE:SGY) pays an annual dividend of C$0.48 per share and currently has a dividend yield of 6.37%. SGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 15.05%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for SGY. What other stocks do shareholders of Surge Energy own? Based on aggregate information from My MarketBeat watchlists, some companies that other Surge Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Enbridge (enb), Vermilion Energy (VET), ARC Resources (ARX), Suncor Energy (SU), Manulife Financial (MFC), Pembina Pipeline (PPL), Crescent Point Energy (CPG) and Canadian Natural Resources (CNQ). What is Surge Energy's stock symbol? Surge Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SGY." How do I buy shares of Surge Energy? Shares of SGY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.Compare Top Brokerages Here. What is Surge Energy's stock price today? One share of SGY stock can currently be purchased for approximately C$7.88. How much money does Surge Energy make? Surge Energy (TSE:SGY) has a market capitalization of C$774.84 million and generates C$599.85 million in revenue each year. The company earns C$268.38 million in net income (profit) each year or C$3.19 on an earnings per share basis. How can I contact Surge Energy? Surge Energy's mailing address is 2100, 635, 8th Ave. SW, CALGARY, AB T2P 3M3, Canada. The official website for the company is www.surgeenergy.ca. The company can be reached via phone at +1-403-9301010. This page (TSE:SGY) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Surge Energy Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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