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TSE:SGY

Surge Energy - SGY Stock Forecast, Price & News

C$9.35
-0.34 (-3.51%)
(As of 08/15/2022 02:09 PM ET)
Add
Compare
Today's Range
C$8.88
C$9.52
50-Day Range
C$7.79
C$13.37
52-Week Range
C$3.06
C$13.68
Volume
428,513 shs
Average Volume
1.06 million shs
Market Capitalization
C$779.39 million
P/E Ratio
11.54
Dividend Yield
4.33%
Price Target
C$12.00

Surge Energy MarketRank™ Forecast

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
28.3% Upside
C$12.00 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$102,500 Sold Last Quarter
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.

2.49 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.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of Surge Energy from a "buy" rating to a "top pick" rating in a research note on Monday, April 18th.

Surge Energy Stock Performance

TSE:SGY opened at C$9.69 on Monday. The firm has a 50-day moving average of C$9.73 and a 200-day moving average of C$9.17. The company has a debt-to-equity ratio of 51.04, a quick ratio of 0.37 and a current ratio of 0.39. The stock has a market cap of C$807.73 million and a PE ratio of 12.58. Surge Energy has a 52-week low of C$3.06 and a 52-week high of C$13.68.

Surge Energy Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, August 15th. Stockholders of record on Monday, August 15th will be paid a dividend of $0.035 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Thursday, July 28th. Surge Energy's dividend payout ratio is presently 4.55%.

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SGY Stock News Headlines

Surge Energy Inc stock advanced on Friday.
Surge Energy Inc stock lost on Tuesday.
Surge Energy Inc stock decreased on Friday.
Surge Energy Inc stock eased on Friday.
Surge Energy Inc stock shrank on Wednesday.
Surge Energy Inc stock decreased on Thursday.
Surge Energy Inc stock reduced on Thursday.
Advantage, ARC, Axis at 52-Week Highs
Insiders buy as Surge Energy surges back
Stocks in play: Surge Energy Inc.
Surge Energy Inc. (TSE:SGY): Is Breakeven Near?
Bay Street Seen Opening Higher
See More Headlines
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SGY Company Calendar

Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Ex-Dividend for 8/15 Dividend
7/28/2022
Today
8/15/2022
Dividend Payable
8/15/2022
Next Earnings (Estimated)
11/02/2022

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$12.00
High Stock Price Forecast
C$12.00
Low Stock Price Forecast
C$12.00
Forecasted Upside/Downside
+28.3%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$531.25 million
Book Value
C$6.77 per share

Miscellaneous

Free Float
N/A
Market Cap
C$779.39 million
Optionable
Not Optionable
Beta
N/A














SGY Stock - Frequently Asked Questions

Should I buy or sell Surge Energy stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 2022?

3 brokerages have issued twelve-month target prices for Surge Energy's stock. Their SGY share price forecasts range from C$12.00 to C$12.00. On average, they expect the company's stock price to reach C$12.00 in the next twelve months. This suggests a possible upside of 23.8% 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 2022?

Surge Energy's stock was trading at C$4.41 at the beginning of the year. Since then, SGY shares have increased by 119.7% and is now trading at C$9.69.
View the best growth stocks for 2022 here
.

When is Surge Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our SGY earnings forecast
.

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

Surge Energy announced a monthly dividend on Thursday, July 28th. Stockholders of record on Monday, August 15th will be given a dividend of 0.035 per share on Monday, August 15th. This represents a $0.42 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, July 28th.
Read our dividend analysis for SGY
.

Is Surge Energy a good dividend stock?

Surge Energy (TSE:SGY) pays an annual dividend of C$0.04 per share and currently has a dividend yield of 4.33%. SGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 4.55%. 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$9.69.

How much money does Surge Energy make?

Surge Energy (TSE:SGY) has a market capitalization of C$807.73 million and generates C$531.25 million in revenue each year.

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 8/15/2022 by MarketBeat.com Staff

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