Roth Capital Weighs in on Surge Energy FY2027 Earnings

Surge Energy Inc. (TSE:SGY) – Stock analysts at Roth Capital issued their FY2027 earnings per share (EPS) estimates for shares of Surge Energy in a report released on Tuesday, July 29th. Roth Capital analyst J. Somerville anticipates that the company will post earnings of $0.70 per share for the year. Roth Capital currently has a “Strong-Buy” rating on the stock. Roth Capital also issued estimates for Surge Energy’s FY2028 earnings at $0.81 EPS.

Other equities research analysts have also recently issued reports about the company. ATB Capital increased their price target on Surge Energy from C$7.50 to C$8.25 and gave the company an “outperform” rating in a research note on Tuesday. Raymond James Financial increased their price target on Surge Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Tuesday. Three research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Surge Energy currently has an average rating of “Buy” and a consensus price target of C$9.89.

Surge Energy Price Performance

Shares of SGY stock opened at C$7.57 on Thursday. Surge Energy has a twelve month low of C$4.37 and a twelve month high of C$7.84. The stock has a market capitalization of C$761.26 million, a price-to-earnings ratio of -9.49, a P/E/G ratio of 0.59 and a beta of 2.54. The stock has a fifty day simple moving average of C$6.25 and a two-hundred day simple moving average of C$5.69. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 31.48.

Insiders Place Their Bets

In other Surge Energy news, Director Allison Michelle Maher sold 13,100 shares of Surge Energy stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of C$7.64, for a total value of C$100,070.90. Also, Senior Officer Murray Bye acquired 11,845 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average price of C$4.88 per share, for a total transaction of C$57,803.60. 1.97% of the stock is owned by insiders.

Surge Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be given a $0.0433 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.52 dividend on an annualized basis and a yield of 6.86%. Surge Energy’s dividend payout ratio is currently -65.21%.

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.