Atb Cap Markets Predicts Reduced Earnings for Surge Energy

Surge Energy Inc. (TSE:SGY) – Equities research analysts at Atb Cap Markets dropped their FY2025 earnings per share (EPS) estimates for Surge Energy in a research note issued on Monday, October 27th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.69 per share for the year, down from their prior estimate of $0.70.

A number of other equities analysts have also issued reports on SGY. ATB Capital raised their target price on shares of Surge Energy from C$7.50 to C$8.25 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. Raymond James Financial increased their price target on shares of Surge Energy from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 29th. Finally, Roth Capital set a C$8.50 price objective on shares of Surge Energy and gave the company a “buy” rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$8.69.

Surge Energy Trading Down 1.3%

SGY opened at C$6.67 on Wednesday. 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 52 week low of C$4.37 and a 52 week high of C$7.84. The business’s 50 day moving average is C$6.95 and its two-hundred day moving average is C$6.34. The firm has a market cap of C$660.94 million, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.59 and a beta of 0.48.

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 $0.0433 dividend. 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 dividend payout ratio (DPR) 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.