Should I buy or sell Surge Energy stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street 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?

8 brokerages have issued 1 year price targets for Surge Energy's stock. Their SGY share price targets range from C$11.00 to C$14.00. On average, they predict the company's share price to reach C$13.03 in the next twelve months. This suggests a possible upside of 72.6% 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 17.1% and is now trading at C$7.55. 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, March 13th 2024. View our SGY earnings forecast .

How were Surge Energy's earnings last quarter?

Surge Energy Inc. (TSE:SGY) posted its earnings results on Thursday, November, 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.18. The business had revenue of $184.48 million for the quarter, compared to the consensus estimate of $183.55 million. Surge Energy had a net margin of 26.60% and a trailing twelve-month return on equity of 19.76%.

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

Surge Energy declared a monthly dividend on Wednesday, November 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of 0.04 per share on Friday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Wednesday, November 29th. 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 6.10%. 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?

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) .

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 .

Surge Energy Stock Price, News & Analysis (TSE:SGY)

C$7.55

-0.15 (-1.95%)

(As of 12/1/2023 ET)

Compare

Today's Range: C$7.54
▼
C$7.76
50-Day Range: C$7.55
▼
C$9.75
52-Week Range: C$6.68
▼
C$10.05

Volume: 1.16 million shs
Average Volume: 519,814 shs
Market Capitalization: C$757.34 million

P/E Ratio: 4.66
Dividend Yield: 6.36%
Price Target: C$13.03

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Surge Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 72.6% Upside
C$13.03 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
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.

2.83 out of 5 stars

4.4

Analyst's Opinion

Consensus Rating
Surge Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$13.03, Surge Energy has a forecasted upside of 72.6% from its current price of C$7.55.
Amount of Analyst Coverage
Surge Energy has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for SGY.

2.5

Dividend Strength

Dividend Leadership
Surge Energy is a leading dividend payer. It pays a dividend yield of 6.10%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Surge Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Surge Energy is 29.63%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SGY.

0.6

News and Social Media Coverage

Search Interest
Only 1 people have searched for SGY on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
5 people have added Surge Energy to their MarketBeat watchlist in the last 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Surge Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.97% of the stock of Surge Energy is held by insiders.
Percentage Held by Institutions
Only 21.68% of the stock of Surge Energy is held by institutions.

3.1

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Surge Energy is 4.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 108.50.
Price to Earnings Ratio vs. Sector
The P/E ratio of Surge Energy is 4.66, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 114.00.
Price to Earnings Growth Ratio
Surge 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 Ratio
Surge Energy has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

SGY Stock News Headlines

November 20, 2023 | ca.finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - SGY.DB.A

November 11, 2023 | morningstar.com

Surge Energy Inc SGY

December 3, 2023 | DTI Trader (Ad)

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November 6, 2023 | seekingalpha.com

Surge Energy: 2024 May Be The Year Of The Shareholder (Technical Analysis)

October 23, 2023 | msn.com

Surge Protector vs. Power Strip: How to Know the Difference

October 19, 2023 | finance.yahoo.com

Canadian Investment Regulatory Organization Trade Resumption - SGY.DB.B

October 16, 2023 | finance.yahoo.com

SURGE ENERGY INC. CONFIRMS NOVEMBER 2023 DIVIDEND

September 29, 2023 | yahoo.com

Solved! What Is a Power Surge?

December 3, 2023 | DTI Trader (Ad)

All the trading advice you’ve ever received boils down to this

September 29, 2023 | theglobeandmail.com

Closing Bell: Surge Energy Inc 6.75 Pct Debs flat on Tuesday (SGY-DB-A)

September 28, 2023 | finance.yahoo.com

Surge Energy Inc. Announces $42 Million Convertible Debenture Bought Deal Financing and Intention to Redeem Existing Convertible Debentures Due June 30, 2024

September 24, 2023 | investing.com

Surge Energy Inc. (SGY)

September 23, 2023 | finance.yahoo.com

Is It Smart To Buy Surge Energy Inc. (TSE:SGY) Before It Goes Ex-Dividend?

September 22, 2023 | theglobeandmail.com

Closing Bell: Surge Energy Inc 6.75 Pct Debs up on Friday (SGY-DB-A)

August 17, 2023 | theglobeandmail.com

Closing Bell: Surge Energy Inc 6.75 Pct Debs up on Thursday (SGY-DB-A)

July 30, 2023 | theglobeandmail.com

Closing Bell: Surge Energy Inc 6.75 Pct Debs down on Friday (SGY-DB-A)

July 23, 2023 | finance.yahoo.com

Here's What We Like About Surge Energy's (TSE:SGY) Upcoming Dividend

July 20, 2023 | finance.yahoo.com

Surge Energy (TSE:SGY) Is Due To Pay A Dividend Of CA$0.04

June 29, 2023 | sg.finance.yahoo.com

SGY.TO - Surge Energy Inc.

June 27, 2023 | msn.com

Surge in clients seeking help with energy bill hardship

June 26, 2023 | msn.com

Power surge insurance claims skyrocketed by 80%

June 21, 2023 | benzinga.com

Surge Energy Announces Listing in Houston Chronicle's Top Private Companies

June 7, 2023 | msn.com

Power surge: KC won’t penalize energy use violators

June 5, 2023 | theglobeandmail.com

Closing Bell: Surge Energy Inc 6.75 Pct Debs down on Monday (SGY-DB-A)

May 20, 2023 | bloomberg.com

Natural Gas Prices Surge on Signs of Tightening US Supply

May 16, 2023 | theglobeandmail.com

Closing Bell: Surge Energy Inc 6.75 Pct Debs flat on Monday (SGY-DB-A)

May 15, 2023 | finance.yahoo.com

SURGE ENERGY INC. CONFIRMS JUNE 2023 DIVIDEND

See More Headlines

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Company Calendar

Ex-Dividend for 11/15 Dividend: 10/30/2023
Last Earnings: 11/02/2023
Dividend Payable: 11/15/2023
Ex-Dividend for 12/15 Dividend: 11/29/2023
Today: 12/03/2023
Dividend Payable: 12/15/2023
Next Earnings (Estimated): 3/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:SGY
CUSIP: N/A
CIK: N/A
Web: www.surgeenergy.ca
Phone: +1-403-9301010
Fax: N/A
Employees: 83
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$13.03
High Stock Price Target: C$14.00
Low Stock Price Target: C$11.00
Potential Upside/Downside: +72.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.88
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.62
Trailing P/E Ratio: 4.66
Forward P/E Ratio: 8.78
P/E Growth: 0.59
Net Income: C$148.93 million
Net Margins: 26.60%
Pretax Margin: N/A
Return on Equity: 19.76%
Return on Assets: 5.97%

Debt

Debt-to-Equity Ratio: 34.32
Current Ratio: 0.45
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: C$559.97 million
Price / Sales: 1.35
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: C$8.74 per share
Price / Book: 0.86

Miscellaneous

Outstanding Shares: 100,310,000
Free Float: N/A
Market Cap: C$757.34 million
Optionable: Not Optionable
Beta: 2.65

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Key Executives

Mr. Paul Colborne (Age 64)
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

Key Competitors

View All Competitors

SGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Surge Energy stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street 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?: 8 brokerages have issued 1 year price targets for Surge Energy's stock. Their SGY share price targets range from C$11.00 to C$14.00. On average, they predict the company's share price to reach C$13.03 in the next twelve months. This suggests a possible upside of 72.6% 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 17.1% and is now trading at C$7.55.
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, March 13th 2024.
View our SGY earnings forecast.
How were Surge Energy's earnings last quarter?: Surge Energy Inc. (TSE:SGY) posted its earnings results on Thursday, November, 2nd. The company reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.18. The business had revenue of $184.48 million for the quarter, compared to the consensus estimate of $183.55 million. Surge Energy had a net margin of 26.60% and a trailing twelve-month return on equity of 19.76%.

How often does Surge Energy pay dividends? What is the dividend yield for Surge Energy?: Surge Energy declared a monthly dividend on Wednesday, November 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of 0.04 per share on Friday, December 15th. This represents a $0.48 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Wednesday, November 29th.
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 6.10%. 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?: 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).
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 12/3/2023 by MarketBeat.com Staff

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Surge Energy Stock Price, News & Analysis (TSE:SGY)

Surge Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Surge Energy Stock (TSE:SGY)

SGY Stock Price History

SGY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

SGY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™