FY2027 EPS Estimates for Surge Energy Increased by Analyst

Surge Energy Inc. (TSE:SGY) – Research analysts at Roth Capital increased their FY2027 earnings per share estimates for Surge Energy in a research report issued on Thursday, November 6th. Roth Capital analyst J. Somerville now expects that the company will post earnings of $0.74 per share for the year, up from their previous estimate of $0.70. Roth Capital currently has a “Strong-Buy” rating on the stock. Roth Capital also issued estimates for Surge Energy’s FY2028 earnings at $0.84 EPS.

SGY has been the subject of a number of other reports. ATB Capital increased their target price on Surge Energy from C$7.50 to C$8.25 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Raymond James Financial increased their price objective on shares of Surge Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$8.69.

Surge Energy Price Performance

TSE SGY traded up C$0.07 during trading on Friday, hitting C$6.62. 346,354 shares of the stock traded hands, compared to its average volume of 554,382. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48. Surge Energy has a 12-month low of C$4.37 and a 12-month high of C$7.84. The firm has a 50-day simple moving average of C$6.89 and a 200-day simple moving average of C$6.40. The company has a market capitalization of C$655.99 million, a P/E ratio of 12.04, a price-to-earnings-growth ratio of 0.59 and a beta of 0.22.

Surge Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be issued a dividend of $0.0433 per share. The ex-dividend date is Thursday, October 30th. This represents a c) dividend on an annualized basis and a yield of 7.8%. Surge Energy’s payout ratio is presently 94.48%.

Surge Energy Company Profile

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.