Roth Capital Cuts Earnings Estimates for Surge Energy

Surge Energy Inc. (TSE:SGY) – Stock analysts at Roth Capital dropped their FY2025 earnings per share estimates for shares of Surge Energy in a research note issued on Thursday, November 6th. Roth Capital analyst J. Somerville now forecasts that the company will earn $0.44 per share for the year, down from their previous estimate of $0.52. Roth Capital also issued estimates for Surge Energy’s Q1 2026 earnings at ($0.03) EPS, Q2 2026 earnings at ($0.02) EPS, Q3 2026 earnings at $0.05 EPS, Q4 2026 earnings at $0.11 EPS and FY2026 earnings at $0.11 EPS.

SGY has been the topic of several other reports. ATB Capital increased their price objective 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 upped their target price on shares of Surge Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$8.69.

Surge Energy Stock Up 4.5%

SGY stock opened at C$7.24 on Monday. The stock has a market capitalization of C$716.38 million, a P/E ratio of 13.16, a P/E/G ratio of 0.59 and a beta of 0.22. The company has a debt-to-equity ratio of 31.48, a current ratio of 0.66 and a quick ratio of 0.40. Surge Energy has a 1-year low of C$4.37 and a 1-year high of C$7.84. The business has a fifty day moving average price of C$6.89 and a 200-day moving average price of C$6.46.

Surge Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 17th will be given a dividend of $0.0433 per share. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Thursday, October 30th. Surge Energy’s dividend payout ratio is 94.48%.

About Surge Energy

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.