Surge Energy (SGY) Stock Forecast, Price & News

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.

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.

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.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our SGY earnings forecast.

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%.

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.

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.

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).

Surge Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SGY."

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.
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One share of SGY stock can currently be purchased for approximately C$7.88.

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.

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.