Surge Energy (SGY) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: C$5.86 to C$5.94
• 50-Day Range: C$5.44 to C$6.52
• 52-Week Range: C$5.32 to C$8.16
• Volume: 441,586 shs
• Average Volume: 463,628 shs
• Market Capitalization: C$590.88 million
• P/E Ratio: 3.64
• Dividend Yield: 8.83%
• Price Target: C$11.43
• Consensus Rating: Buy

Surge Energy Stock Analysis - MarketRank™

Surge Energy scored higher than 77% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Surge Energy has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Surge Energy has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Surge Energy is 3.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.73.

Price to Earnings Ratio vs. Sector

The P/E ratio of Surge Energy is 3.65, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 108.81.

Price to Earnings Growth Ratio

Surge Energy has a PEG Ratio of 0.59. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Surge Energy has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SGY.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Surge Energy is a leading dividend payer. It pays a dividend yield of 8.16%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Surge Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Surge Energy is 32.10%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SGY.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: N/A

News Sentiment

Surge Energy has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.56 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Surge Energy this week, compared to 2 articles on an average week.

Search Interest

Only 2 people have searched for SGY on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Surge Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Surge Energy insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.97% of the stock of Surge Energy is held by insiders.

Percentage Held by Institutions

Only 5.20% of the stock of Surge Energy is held by institutions.

SGY Stock Analysis - Frequently Asked Questions

How have SGY shares performed this year?

Surge Energy's stock was trading at C$6.48 at the start of the year. Since then, SGY stock has decreased by 8.8% and is now trading at C$5.91.
View the best growth stocks for 2024 here.

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 other stocks do shareholders of Surge Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Surge Energy investors own include Whitecap Resources (WCP), Baytex Energy (BTE), Enbridge (ENB), Crescent Point Energy (CPG), Tourmaline Oil (TOU), ARC Resources (ARX) and Cenovus Energy (CVE).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/27/2024
• Dividend Payable: 10/15/2024
• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Dividend Payable: 11/15/2024
• Today: 11/21/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: N/A
• Current Symbol: TSE:SGY
• CUSIP: N/A
• CIK: N/A
• Web: www.surgeenergy.ca
• Phone: +1-403-9301010
• Fax: N/A
• Employees: 93
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$11.43
• High Stock Price Target: C$12.75
• Low Stock Price Target: C$10.50
• Potential Upside/Downside: +96.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.62
• Trailing P/E Ratio: 3.59
• Forward P/E Ratio: N/A
• P/E Growth: 0.59
• Net Income: C$-81,420,000.00
• Net Margins: -14.28%
• Pretax Margin: N/A
• Return on Equity: -10.03%
• Return on Assets: 2.75%

Debt

• Debt-to-Equity Ratio: 29.47
• Current Ratio: 0.50
• Quick Ratio: 0.40

Sales & Book Value

• Annual Sales: C$570.31 million
• Price / Sales: 1.02
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: C$7.53 per share
• Price / Book: 0.77

Miscellaneous

• Outstanding Shares: 100,320,000
• Free Float: N/A
• Market Cap: C$582.86 million
• Optionable: Not Optionable
• Beta: 2.54