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TSE:SGYSurge Energy Stock Price, Forecast & News

C$0.34
+0.01 (+3.03 %)
(As of 07/2/2020 04:57 AM ET)
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Today's Range
C$0.32
Now: C$0.34
C$0.34
50-Day Range
C$0.26
MA: C$0.33
C$0.51
52-Week Range
C$0.19
Now: C$0.34
C$1.35
Volume595,400 shs
Average Volume1.33 million shs
Market CapitalizationC$113.92 million
P/E RatioN/A
Dividend Yield3.92%
BetaN/A
Surge Energy Inc. engages in the exploration, development, and production of oil and gas in western Canada. It holds interest in the Greater Sawn Lake assets located in Northern Alberta; Nipisi property located to the north of the town of Slave Lake in northwestern Alberta; and Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta. It also holds interest in the Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; Silver Lake property to the west of Provost in eastern Alberta; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan. It holds an average working interest of approximately 84% in approximately 81,256 net developed acres and approximately 93% in approximately 183,376 net undeveloped acres in Greater Sawn area; approximately 70% in approximately 31,104 net developed acres and approximately 68% in approximately 24,056 net undeveloped acres in Valhalla area; and approximately 88% in approximately 59,321 net developed acres and 95% in approximately 55,667 net undeveloped acres in Sparky area. As of December 31, 2018, it held interests in 271 net oil wells in Greater Sawn area; 111 net oil and 10 net gas wells in Valhalla area; 405 net oil and 20 net gas wells in Sparky area; and 188 net oil wells, as well as an average working interest of approximately 100% in approximately 23,129 net developed and 23,129 net undeveloped acres in the Shaunavon properties. As of the above date, it also held an average working interest of approximately 73% in approximately 29,932 net developed acres and approximately 60% in approximately 4,293 net undeveloped acres, as well as held interests 92 net oil and 18 net gas wells in Nevis, Westerose, Edmonton, and other minor areas. 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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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.6Dividend Strength: 0.8Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.41 out of 5 stars


Industry, Sector and Symbol

Industry Oil & Gas E&P
Sub-IndustryN/A
SectorEnergy
CUSIPN/A
CIKN/A
Phone+1-403-9301010

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$316.46 million
Book ValueC$0.18 per share

Profitability

Miscellaneous

Employees72
Market CapC$113.92 million
Next Earnings Date8/10/2020 (Estimated)
OptionableNot Optionable

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Surge Energy (TSE:SGY) Frequently Asked Questions

How has Surge Energy's stock been impacted by COVID-19 (Coronavirus)?

Surge Energy's stock was trading at C$0.30 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, SGY stock has increased by 13.3% and is now trading at C$0.34. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Surge Energy?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last year. There are currently 1 sell rating, 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Surge Energy.

When is Surge Energy's next earnings date?

Surge Energy is scheduled to release its next quarterly earnings announcement on Monday, August 10th 2020. View our earnings forecast for Surge Energy.

How were Surge Energy's earnings last quarter?

Surge Energy Inc (TSE:SGY) announced its quarterly earnings data on Tuesday, May, 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.02) by $0.05. The firm earned $63.71 million during the quarter. View Surge Energy's earnings history.

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

Surge Energy announced a monthly dividend on Monday, March 16th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.001 per share on Wednesday, April 15th. This represents a $0.01 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Monday, March 30th. View Surge Energy's dividend history.

What price target have analysts set for SGY?

5 equities research analysts have issued twelve-month target prices for Surge Energy's shares. Their forecasts range from C$0.25 to C$1.65. On average, they expect Surge Energy's stock price to reach C$0.84 in the next twelve months. This suggests a possible upside of 146.7% from the stock's current price. View analysts' price targets for Surge Energy.

Has Surge Energy been receiving favorable news coverage?

Press coverage about SGY stock has trended very negative on Thursday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Surge Energy earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Surge Energy.

Who are some of Surge Energy's key competitors?

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 Baytex Energy (BTE), Whitecap Resources (WCP), ARC Resources (ARX), Enbridge (enb), Bank of Nova Scotia (BNS), Manulife Financial (MFC), Toronto-Dominion Bank (TD), BCE (BCE), Inter Pipeline (IPL) and Crescent Point Energy (CPG).

Who are Surge Energy's key executives?

Surge Energy's management team includes the following people:
  • Mr. Paul Colborne, Pres, CEO & Director (Age 60)
  • Mr. Jared Ducs, VP of Fin.
  • Mr. Murray Bye, Chief Operating Officer
  • Ms. Margaret Ann Elekes, Sr. VP of Land & Bus. Devel.
  • Mr. Rod J. Monden, Controller

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 and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Surge Energy's stock price today?

One share of SGY stock can currently be purchased for approximately C$0.34.

How big of a company is Surge Energy?

Surge Energy has a market capitalization of C$113.92 million and generates C$316.46 million in revenue each year. Surge Energy employs 72 workers across the globe.

What is Surge Energy's official website?

The official website for Surge Energy is www.surgeenergy.ca.

How can I contact Surge Energy?

Surge Energy's mailing address is 2100, 635, 8th Ave. SW, CALGARY, AB T2P 3M3, Canada. The company can be reached via phone at +1-403-9301010.

This page was last updated on 7/2/2020 by MarketBeat.com Staff

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