TSE:SGY

Surge Energy (SGY) Stock Price, News & Analysis

C$7.01
+0.09 (+1.30%)
(As of 05/17/2024 ET)
Today's Range
C$6.94
C$7.05
50-Day Range
C$6.45
C$8.09
52-Week Range
C$5.89
C$9.77
Volume
275,854 shs
Average Volume
433,612 shs
Market Capitalization
C$705.07 million
P/E Ratio
4.33
Dividend Yield
6.85%
Price Target
C$11.79

Surge Energy MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
68.1% Upside
C$11.79 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.19mentions of Surge Energy in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
C$129,053 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.88 out of 5 stars

SGY stock logo

About Surge Energy Stock (TSE:SGY)

Surge Energy Inc. explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. 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

SGY Stock News Headlines

Stifel Nicolaus Keeps Their Buy Rating on Surge Energy (ZPTAF)
Surge Energy earnings: here's what Wall Street expects
SURGE ENERGY INC. CONFIRMS MAY 2024 DIVIDEND
SGY:CA Surge Energy Inc.
SURGE ENERGY INC. CONFIRMS APRIL 2024 DIVIDEND
SURGE ENERGY INC. CONFIRMS MARCH 2024 DIVIDEND
Surge Energy Inc. (CA86880Y8779.SG)
See More Headlines
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Company Calendar

Last Earnings
3/06/2024
Ex-Dividend for 5/15 Dividend
4/29/2024
Dividend Payable
5/15/2024
Today
5/17/2024
Ex-Dividend for 6/17 Dividend
5/30/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
8/07/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
93
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$11.79
High Stock Price Target
C$14.00
Low Stock Price Target
C$10.00
Potential Upside/Downside
+68.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
C$-2,670,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$537.18 million
Book Value
C$9.16 per share

Miscellaneous

Free Float
N/A
Market Cap
C$705.07 million
Optionable
Not Optionable
Beta
2.66
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Key Executives

  • Mr. Paul Colborne (Age 65)
    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

SGY Stock Analysis - Frequently Asked Questions

Should I buy or sell Surge Energy stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Surge Energy in the last twelve months. There are currently 7 buy ratings 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.

What is Surge Energy's stock price target for 2024?

7 Wall Street research analysts have issued 12-month target prices for Surge Energy's stock. Their SGY share price targets range from C$10.00 to C$14.00. On average, they predict the company's stock price to reach C$11.79 in the next year. 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 2024?

Surge Energy's stock was trading at C$6.48 at the beginning of the year. Since then, SGY stock has increased by 8.2% and is now trading at C$7.01.
View the best growth stocks for 2024 here
.

When is Surge Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our SGY earnings forecast
.

How were Surge Energy's earnings last quarter?

Surge Energy Inc. (TSE:SGY) posted its quarterly earnings data on Wednesday, March, 6th. The company reported ($0.29) EPS for the quarter, missing the consensus estimate of $0.24 by $0.53. The company had revenue of $168.45 million for the quarter, compared to analyst estimates of $179.30 million. Surge Energy had a negative trailing twelve-month return on equity of 0.32% and a negative net margin of 0.50%.

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

Surge Energy announced a monthly dividend on Wednesday, May 15th. Stockholders of record on Friday, May 31st will be given a dividend of 0.04 per share on Monday, June 17th. This represents a $0.48 annualized dividend and a dividend yield of 6.85%. The ex-dividend date is Thursday, May 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 6.94%. SGY has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 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?
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 5/18/2024 by MarketBeat.com Staff

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