Atb Cap Markets Predicts Weaker Earnings for Surge Energy

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 post earnings of $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.

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

A number of other research analysts also recently issued reports on SGY. BMO Capital Markets dropped their price target on Surge Energy from C$11.00 to C$9.00 in a research note on Friday, December 13th. Raymond James upgraded shares of Surge Energy to a “moderate buy” rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group dropped their price objective on shares of Surge Energy from C$11.00 to C$10.50 in a research note on Tuesday, October 22nd.

Surge Energy Stock Performance

Shares of SGY stock opened at C$5.67 on Monday. The stock’s 50-day moving average is C$5.71 and its two-hundred day moving average is C$6.12. The company has a debt-to-equity ratio of 29.47, a quick ratio of 0.40 and a current ratio of 0.50. Surge Energy has a 1 year low of C$4.94 and a 1 year high of C$8.16. The firm has a market cap of C$568.81 million, a price-to-earnings ratio of 3.50, a PEG ratio of 0.59 and a beta of 2.54.

Insider Activity at Surge Energy

In other Surge Energy news, Director James Murray Pasieka sold 11,213 shares of Surge Energy stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total value of C$58,643.99. 1.97% of the stock is currently owned by insiders.

Surge Energy Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.0433 per share. This represents a $0.52 annualized dividend and a dividend yield of 9.16%. The ex-dividend date of this dividend is Friday, January 31st. Surge Energy’s dividend payout ratio is presently 32.10%.

Surge Energy Company Profile

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.