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TSE:SGY

Surge Energy - SGY Stock Forecast, Price & News

C$8.39
+0.43 (+5.40%)
(As of 03/21/2023 12:00 AM ET)
Add
Compare
Today's Range
C$8.12
▼
C$8.44
50-Day Range
C$7.88
▼
C$9.76
52-Week Range
C$7.15
▼
C$13.68
Volume
676,343 shs
Average Volume
705,822 shs
Market Capitalization
C$824.99 million
P/E Ratio
3.34
Dividend Yield
5.72%
Price Target
C$14.10

Surge Energy MarketRank™ Forecast

Analyst Rating
Buy
3.17 Rating Score
Upside/​Downside
68.1% Upside
C$14.10 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.05mentions of Surge Energy in the last 14 days
Based on 3 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.

2.79 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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

March 16, 2023 | americanbankingnews.com
Surge Energy (TSE:SGY) Price Target Raised to C$12.00
March 14, 2023 | americanbankingnews.com
Atb 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.com
SURGE ENERGY INC. ANNOUNCES 2022 FOURTH QUARTER AND YEAR END FINANCIAL AND OPERATING RESULTS, AND 2022 YEAR END RESERVES
March 7, 2023 | finance.yahoo.com
Is Surge Energy Inc.'s (TSE:SGY) Stock's Recent Performance A Reflection Of Its Financial Health?
March 6, 2023 | marketwatch.com
Surge Counters Market is set to see Revolutionary growth in decade
February 28, 2023 | thestreet.com
The Best Surge Protectors for Safe Appliance Usage
January 26, 2023 | msn.com
Power surge crashes Pakistan grid, plunging millions into darkness
March 22, 2023 | Investing Daily (Ad)
Check Out This 6-Year Win Streak
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January 26, 2023 | reuters.com
Exclusive: Power surge crashes Pakistan grid, plunging millions into darkness
January 20, 2023 | seekingalpha.com
Surge Energy: Shareholder Payday Possibly Postponed (Technical Analysis)
January 5, 2023 | msn.com
Greggs sees sales surge despite several price rises
December 20, 2022 | finance.yahoo.com
Surge Energy Inc. (TSE:SGY) Shares Could Be 41% Below Their Intrinsic Value Estimate
November 23, 2022 | finance.yahoo.com
New Forecasts: Here's What Analysts Think The Future Holds For Surge Energy Inc. (TSE:SGY)
November 22, 2022 | finance.yahoo.com
SURGE ENERGY INC. ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED UPSIZED EQUITY FINANCING
November 15, 2022 | finance.yahoo.com
SURGE ENERGY INC. CONFIRMS DECEMBER 2022 DIVIDEND
November 15, 2022 | msn.com
3 TSX Stocks that Doubled This Year: Can You Still Buy?
October 28, 2022 | finance.yahoo.com
IIROC Trading Halt - SGY.DB
October 17, 2022 | finance.yahoo.com
SURGE ENERGY INC. CONFIRMS NOVEMBER 2022 DIVIDEND
September 18, 2022 | msn.com
Top Under-$10 TSX Energy Stocks That Offer Huge Growth Prospects
September 3, 2022 | ca.finance.yahoo.com
2 Top TSX Energy Stocks to Buy as Crude Oil Soars
August 16, 2022 | reuters.com
Surge Energy Inc
August 15, 2022 | seekingalpha.com
Surge Energy: Rapidly Reducing The Net Debt Will Boost Shareholder Rewards
July 30, 2022 | theglobeandmail.com
Surge Energy Inc stock advanced on Friday.
July 30, 2022 | theglobeandmail.com
Surge Energy SGY is overvalued based on analyst consensus
July 26, 2022 | theglobeandmail.com
Surge Energy Inc stock lost on Tuesday.
July 24, 2022 | theglobeandmail.com
Surge Energy Inc stock decreased on Friday.
See More Headlines
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SGY Company Calendar

Ex-Dividend for 3/15 Dividend
2/27/2023
Dividend Payable
3/15/2023
Today
3/21/2023
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Next Earnings (Estimated)
5/04/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Oil & Gas E & P
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
TSE:SGY
CUSIP
N/A
CIK
N/A
Web
www.surgeenergy.ca
Phone
+1-403-9301010
Fax
N/A
Employees
76
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$14.10
High Stock Price Forecast
C$15.50
Low Stock Price Forecast
C$12.00
Forecasted Upside/Downside
+68.1%
Consensus Rating
Buy
Rating Score (0-4)
3.17
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$2.51
Trailing P/E Ratio
3.34
Forward P/E Ratio
5.49
P/E Growth
0.59
Net Income
C$231.72 million
Net Margins
38.18%
Pretax Margin
N/A
Return on Equity
34.28%
Return on Assets
8.52%

Debt

Debt-to-Equity Ratio
41.50
Current Ratio
0.46
Quick Ratio
0.40

Sales & Book Value

Annual Sales
C$606.92 million
Price / Sales
1.36
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
C$8.69 per share
Price / Book
0.97

Miscellaneous

Outstanding Shares
98,330,000
Free Float
N/A
Market Cap
C$824.99 million
Optionable
Not Optionable
Beta
2.79

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.

Key Competitors

View All Competitors

Insiders

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