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TSE:SGY

Surge Energy (SGY) Stock Price, News & Analysis

C$6.80
-0.09 (-1.31%)
(As of 02/29/2024 ET)
Today's Range
C$6.75
C$6.90
50-Day Range
C$6.01
C$6.95
52-Week Range
C$5.89
C$9.77
Volume
603,928 shs
Average Volume
364,521 shs
Market Capitalization
C$682.11 million
P/E Ratio
4.20
Dividend Yield
7.06%
Price Target
C$11.91

Surge Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
75.9% Upside
C$11.91 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$51,525 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.59 out of 5 stars


SGY stock logo

About Surge Energy Stock (TSE:SGY)

Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. The company's principal properties include Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; the Southeast Saskatchewan properties are located in the Southeast corner of the Province; the Greater Sawn Lake assets located in Northern Alberta; the Valhalla/Wembley property located in northwestern Alberta; and the Shaunavon properties located to the southwest of Swift Current, Saskatchewan. It holds an average working interest of approximately 81% in approximately 90,619 gross developed acres and approximately 97% in approximately 59,129 gross undeveloped acres in the Sparky area; an average working interest of approximately 86% in approximately 61,643 gross developed acres and approximately 86% in 44,960 gross undeveloped acres in the Southeast Saskatchewan area; an average working interest of approximately 79% in approximately 142,459 gross developed acres and approximately 76% in approximately 72,681 gross undeveloped acres in Greater Sawn area; an average working interest of approximately 70% in approximately 23,560 gross developed acres and approximately 73% in approximately 10,520 gross undeveloped acres in the Valhalla area; and an average working interest of approximately 98% in approximately 24,086 gross developed acres and approximately 100% in 8,383 gross undeveloped acres in the Shaunavon area. 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.

SGY Stock Price History

SGY Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
SURGE ENERGY INC. CONFIRMS MARCH 2024 DIVIDEND
Surge Energy Inc. (CA86880Y8779.SG)
Surge Energy Inc SGY
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
SURGE ENERGY INC. CONFIRMS NOVEMBER 2023 DIVIDEND
Solved! What Is a Power Surge?
Surge Energy Inc. (SGY)
SGY.TO - Surge Energy Inc.
See More Headlines
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Company Calendar

Ex-Dividend for 2/15 Dividend
1/30/2024
Dividend Payable
2/15/2024
Ex-Dividend for 3/15 Dividend
2/28/2024
Today
2/29/2024
Next Earnings (Estimated)
3/13/2024
Dividend Payable
3/15/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
83
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$11.91
High Stock Price Target
C$14.00
Low Stock Price Target
C$9.00
Potential Upside/Downside
+74.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
C$148.93 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$559.97 million
Book Value
C$8.74 per share

Miscellaneous

Free Float
N/A
Market Cap
C$684.11 million
Optionable
Not Optionable
Beta
2.65
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Key Executives

  • Mr. Paul Colborne (Age 65)
    President, CEO & Director
    Comp: $984.62k
  • Mr. Jared Ducs
    Chief Financial Officer
  • Mr. Murray Bye
    Chief Operating Officer
  • Ms. Margaret Ann Elekes
    Senior Vice President of Land & Business Development
  • Mr. Derek Wayne Christie B.Sc.
    P.Geol., Senior Vice President of Geosciences
  • Mr. Michael James Bennett
    Corporate Secretary














SGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Surge Energy stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SGY shares.
View SGY analyst ratings
or view top-rated stocks.

What is Surge Energy's stock price target for 2024?

7 Wall Street research analysts have issued 12-month price objectives for Surge Energy's stock. Their SGY share price targets range from C$9.00 to C$14.00. On average, they predict the company's share price to reach C$11.91 in the next twelve months. This suggests a possible upside of 75.9% 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 2024?

Surge Energy's stock was trading at C$6.48 at the beginning of 2024. Since then, SGY stock has increased by 4.5% and is now trading at C$6.77.
View the best growth stocks for 2024 here
.

When is Surge Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 13th 2024.
View our SGY earnings forecast
.

How often does Surge Energy pay dividends? What is the dividend yield for Surge Energy?

Surge Energy announced a monthly dividend on Thursday, February 15th. Investors of record on Thursday, February 29th will be paid a dividend of 0.04 per share on Friday, March 15th. This represents a $0.48 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Wednesday, February 28th.
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 7.04%. SGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 29.63%. 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?
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.

This page (TSE:SGY) was last updated on 2/29/2024 by MarketBeat.com Staff