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S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Biden's latest bailout--terrible for America? (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
[Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Bank Collapse Causes Gold Prices to Soar (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Biden's latest bailout--terrible for America? (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
[Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Bank Collapse Causes Gold Prices to Soar (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Asian shares slip following technology selloff on Wall Street
Biden's latest bailout--terrible for America? (Ad)
Tesla: How and Why It Gets To $300
Don't Overlook Hidden Gem Kinsale As Rallies To New Highs
[Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
AI-powered IoT Automation is Driving Samsara To New Highs
What is a Growth Stock Mutual Fund?
Bank Collapse Causes Gold Prices to Soar (Ad)
Persistent inflation, higher interest rates will weigh on global economy, OECD predicts
Sprinklr Gets Targets Raised By Analysts, Here's Why
TSE:SGY

Surge Energy (SGY) Stock Forecast, Price & News

C$7.87
+0.13 (+1.68%)
(As of 06/7/2023 ET)
Compare
Today's Range
C$7.77
C$7.91
50-Day Range
C$7.47
C$9.57
52-Week Range
C$7.15
C$13.68
Volume
186,326 shs
Average Volume
579,601 shs
Market Capitalization
C$773.86 million
P/E Ratio
2.47
Dividend Yield
6.10%
Price Target
C$13.67

Surge Energy MarketRank™ Forecast

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
73.7% Upside
C$13.67 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.55mentions of Surge Energy in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

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


SGY stock logo

About Surge Energy (TSE:SGY) Stock

Surge 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.

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SGY Stock News Headlines

This NASDAQ Stock Is The Amazon Of Medical Supply
This Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More Now
Surge Energy Inc. (SGY) To Go Ex-Dividend on May 30th
SURGE ENERGY INC. CONFIRMS JUNE 2023 DIVIDEND
This NASDAQ Stock Is The Amazon Of Medical Supply
This Little Known Company IS Quickly Becoming The Amazon Of Medical Supply. Learn More Now
Closing Bell: Surge Energy Inc up on Friday (SGY)
Surge Energy America Announces S&P Credit Ratings Upgrade
Closing Bell: Surge Energy Inc down on Tuesday (SGY)
See More Headlines

SGY Price History

SGY Company Calendar

Ex-Dividend for 5/15 Dividend
4/27/2023
Last Earnings
5/03/2023
Dividend Payable
5/15/2023
Ex-Dividend for 6/15 Dividend
5/30/2023
Today
6/07/2023
Dividend Payable
6/15/2023
Next Earnings (Estimated)
7/26/2023

Industry, Sector and Symbol

Industry
Oil & Gas E & P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
76
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$13.67
High Stock Price Forecast
C$15.50
Low Stock Price Forecast
C$11.75
Forecasted Upside/Downside
+73.4%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Net Income
C$268.38 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$599.85 million
Book Value
C$8.76 per share

Miscellaneous

Free Float
N/A
Market Cap
C$774.84 million
Optionable
Not Optionable
Beta
2.77

Key Executives

  • Mr. Paul Colborne (Age 64)
    Pres, CEO & Director
    Comp: $842.57k
  • Mr. Jared Ducs
    Chief Financial Officer
  • Mr. Murray Bye
    Chief Operating Officer
  • Ms. Margaret Ann Elekes
    Sr. VP of Land & Bus. Devel.
  • Mr. Derek Wayne Christie B.Sc.
    P.Geol., Sr. VP of Geosciences
  • Mr. Michael James Bennett
    Corp. Sec.













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?
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

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