Q1 EPS Estimates for Surge Energy Reduced by Atb Cap Markets

Surge Energy Inc. (TSE:SGY) – Investment analysts at Atb Cap Markets cut their Q1 2025 earnings per share (EPS) estimates for Surge Energy in a research note issued on Thursday, January 23rd. Atb Cap Markets analyst A. Arif now expects that the company will earn $0.15 per share for the quarter, down from their previous 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.

SGY has been the topic of several other research reports. BMO Capital Markets dropped their price target on Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th. Raymond James raised Surge Energy to a “moderate buy” rating in a report on Thursday, October 17th. Finally, Canaccord Genuity Group dropped their price target on Surge Energy from C$11.00 to C$10.50 in a research note on Tuesday, October 22nd.

Surge Energy Stock Up 0.5 %

SGY stock opened at C$5.82 on Monday. The firm has a market cap of C$583.86 million, a PE ratio of 3.59, a P/E/G ratio of 0.59 and a beta of 2.54. Surge Energy has a 12 month low of C$4.94 and a 12 month high of C$8.16. The company has a debt-to-equity ratio of 29.47, a current ratio of 0.50 and a quick ratio of 0.40. The firm has a 50 day simple moving average of C$5.71 and a 200 day simple moving average of C$6.14.

Surge Energy (TSE:SGY) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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 at Surge Energy

In other Surge Energy news, Director James Murray Pasieka sold 11,213 shares of the stock in a transaction that occurred 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. 1.97% of the stock is owned by insiders.

Surge Energy Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.0433 per share. The ex-dividend date is Friday, January 31st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.93%. Surge Energy’s dividend payout ratio is 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.