TSE:SGY Surge Energy - SGY Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. C$8.39 +0.43 (+5.40%) (As of 03/21/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$8.12▼C$8.4450-Day RangeC$7.88▼C$9.7652-Week RangeC$7.15▼C$13.68Volume676,343 shsAverage Volume705,822 shsMarket CapitalizationC$824.99 millionP/E Ratio3.34Dividend Yield5.72%Price TargetC$14.10 ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Surge Energy MarketRank™ ForecastAnalyst RatingBuy3.17 Rating ScoreUpside/Downside68.1% UpsideC$14.10 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.05Based on 3 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.2.79 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 3.17, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$14.10, Surge Energy has a forecasted upside of 68.1% from its current price of C$8.39.Amount of Analyst CoverageSurge Energy has only been the subject of 3 research reports 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 5.94%, 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 19.12%. 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 2.8 News and Social Media Coverage News SentimentSurge Energy has a news sentiment score of 0.05. 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 is a lower news sentiment than the 0.47 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Surge Energy this week, compared to 1 article on an average week.Search Interest6 people have searched for SGY on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.MarketBeat Follows4 people have added Surge Energy to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 1.74% of the stock of Surge Energy is held by insiders.Percentage Held by InstitutionsOnly 20.74% 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 3.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.36.Price to Earnings Ratio vs. SectorThe P/E ratio of Surge Energy is 3.34, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 65.36.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 0.97. 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 HeadlinesMarch 16, 2023 | americanbankingnews.comSurge Energy (TSE:SGY) Price Target Raised to C$12.00March 14, 2023 | americanbankingnews.comAtb Cap Markets Equities Analysts Decrease Earnings Estimates for Surge Energy Inc. (TSE:SGY)March 22, 2023 | Weiss Ratings (Ad)Bank Accounts: Frozen!In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!March 8, 2023 | finance.yahoo.comSURGE ENERGY INC. ANNOUNCES 2022 FOURTH QUARTER AND YEAR END FINANCIAL AND OPERATING RESULTS, AND 2022 YEAR END RESERVESMarch 7, 2023 | finance.yahoo.comIs Surge Energy Inc.'s (TSE:SGY) Stock's Recent Performance A Reflection Of Its Financial Health?March 6, 2023 | marketwatch.comSurge Counters Market is set to see Revolutionary growth in decadeFebruary 28, 2023 | thestreet.comThe Best Surge Protectors for Safe Appliance UsageJanuary 26, 2023 | msn.comPower surge crashes Pakistan grid, plunging millions into darknessMarch 22, 2023 | Investing Daily (Ad)Check Out This 6-Year Win StreakDespite the volatility of the last few years, this reclusive millionaire hasn’t closed a losing trade since July 2016. He just plugs away, executing what may be the most effective investment strategy on Earth. He turned $50K into $5.3M! Want to see the details? Click HERE to watch it for yourself. January 26, 2023 | reuters.comExclusive: Power surge crashes Pakistan grid, plunging millions into darknessJanuary 20, 2023 | seekingalpha.comSurge Energy: Shareholder Payday Possibly Postponed (Technical Analysis)January 5, 2023 | msn.comGreggs sees sales surge despite several price risesDecember 20, 2022 | finance.yahoo.comSurge Energy Inc. (TSE:SGY) Shares Could Be 41% Below Their Intrinsic Value EstimateNovember 23, 2022 | finance.yahoo.comNew Forecasts: Here's What Analysts Think The Future Holds For Surge Energy Inc. (TSE:SGY)November 22, 2022 | finance.yahoo.comSURGE ENERGY INC. ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED UPSIZED EQUITY FINANCINGNovember 15, 2022 | finance.yahoo.comSURGE ENERGY INC. CONFIRMS DECEMBER 2022 DIVIDENDNovember 15, 2022 | msn.com3 TSX Stocks that Doubled This Year: Can You Still Buy?October 28, 2022 | finance.yahoo.comIIROC Trading Halt - SGY.DBOctober 17, 2022 | finance.yahoo.comSURGE ENERGY INC. CONFIRMS NOVEMBER 2022 DIVIDENDSeptember 18, 2022 | msn.comTop Under-$10 TSX Energy Stocks That Offer Huge Growth ProspectsSeptember 3, 2022 | ca.finance.yahoo.com2 Top TSX Energy Stocks to Buy as Crude Oil SoarsAugust 16, 2022 | reuters.comSurge Energy IncAugust 15, 2022 | seekingalpha.comSurge Energy: Rapidly Reducing The Net Debt Will Boost Shareholder RewardsJuly 30, 2022 | theglobeandmail.comSurge Energy Inc stock advanced on Friday.July 30, 2022 | theglobeandmail.comSurge Energy SGY is overvalued based on analyst consensusJuly 26, 2022 | theglobeandmail.comSurge Energy Inc stock lost on Tuesday.July 24, 2022 | theglobeandmail.comSurge Energy Inc stock decreased on Friday.See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Ex-Dividend for 3/15 Dividend2/27/2023Dividend Payable3/15/2023Today3/21/2023Ex-Dividend for 4/17 Dividend3/30/2023Dividend Payable4/17/2023Next Earnings (Estimated)5/04/2023Get 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$14.10 High Stock Price ForecastC$15.50 Low Stock Price ForecastC$12.00 Forecasted Upside/Downside+68.1%Consensus RatingBuy Rating Score (0-4)3.17 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.51 Trailing P/E Ratio3.34 Forward P/E Ratio5.49 P/E Growth0.59Net IncomeC$231.72 million Net Margins38.18% Pretax MarginN/A Return on Equity34.28% Return on Assets8.52% Debt Debt-to-Equity Ratio41.50 Current Ratio0.46 Quick Ratio0.40 Sales & Book Value Annual SalesC$606.92 million Price / Sales1.36 Cash FlowN/A Price / Cash FlowN/A Book ValueC$8.69 per share Price / Book0.97Miscellaneous Outstanding Shares98,330,000Free FloatN/AMarket CapC$824.99 million OptionableNot Optionable Beta2.79 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:TOGKelt ExplorationTSE:KELObsidian EnergyTSE:OBEView All CompetitorsInsidersMurray ByeSold 30,373 sharesTotal: C$292,507.18 ($9.63/share)Murray ByeSold 10,000 sharesTotal: C$102,500.00 ($10.25/share)Paul ColborneBought 194 shares on 3/31/2022Total: C$1,728.54 ($8.91/share)View All Insider Transactions SGY Stock - Frequently Asked Questions Should I buy or sell Surge Energy stock right now? 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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? 6 brokers have issued 1 year target prices for Surge Energy's stock. Their SGY share price forecasts range from C$12.00 to C$15.50. On average, they predict the company's stock price to reach C$14.10 in the next twelve months. This suggests a possible upside of 68.1% 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 at the beginning of the year. Since then, SGY stock has decreased by 7.9% and is now trading at C$8.39. 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 Thursday, May 4th 2023. View our SGY earnings forecast. How often does Surge Energy pay dividends? What is the dividend yield for Surge Energy? Surge Energy declared a monthly dividend on Wednesday, March 15th. Stockholders of record on Friday, March 31st will be paid a dividend of 0.04 per share on Monday, April 17th. This represents a $0.48 annualized dividend and a dividend yield of 5.72%. The ex-dividend date of this dividend is Thursday, March 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 5.94%. SGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 19.12%. 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$8.39. How much money does Surge Energy make? Surge Energy (TSE:SGY) has a market capitalization of C$824.99 million and generates C$606.92 million in revenue each year. The company earns C$231.72 million in net income (profit) each year or C$2.51 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 3/22/2023 by MarketBeat.com Staff 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. 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