Surge Energy Inc. (TSE:SGY – Free Report) – Stock analysts at Atb Cap Markets cut their Q1 2025 EPS estimates for shares of Surge Energy in a research note issued to investors on Thursday, January 23rd. Atb Cap Markets analyst A. Arif now forecasts that the company will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.22. Atb Cap Markets also issued estimates for Surge Energy’s Q2 2025 earnings at $0.18 EPS and FY2025 earnings at $0.69 EPS.
Several other research analysts also recently weighed in on SGY. Raymond James upgraded shares of Surge Energy to a “moderate buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group cut their price objective on Surge Energy from C$11.00 to C$10.50 in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets lowered their price target on shares of Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th.
Surge Energy Trading Down 2.1 %
Surge Energy stock opened at C$5.70 on Monday. Surge Energy has a 52-week low of C$4.94 and a 52-week high of C$8.16. The company has a market cap of C$571.82 million, a P/E ratio of 3.52, a P/E/G ratio of 0.59 and a beta of 2.54. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 29.47. The business has a 50-day simple moving average of C$5.71 and a two-hundred day simple moving average of C$6.13.
Surge Energy (TSE:SGY – Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.08). Surge Energy had a negative net margin of 14.28% and a negative return on equity of 10.03%.
Insider Activity
In related news, Director James Murray Pasieka sold 11,213 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$5.23, for a total value of C$58,643.99. Company insiders own 1.97% of the company’s stock.
Surge Energy Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.0433 per share. This represents a $0.52 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date is Friday, January 31st. Surge Energy’s dividend payout ratio (DPR) is currently 32.10%.
About Surge Energy
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.
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