Atb Cap Markets Reduces Earnings Estimates for Surge Energy

Surge Energy Inc. (TSE:SGY) – Equities researchers at Atb Cap Markets cut their Q1 2025 earnings estimates for Surge Energy in a report released on Thursday, January 23rd. Atb Cap Markets analyst A. Arif now expects that the company will post earnings per share of $0.15 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 posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.08). Surge Energy had a negative return on equity of 10.03% and a negative net margin of 14.28%.

Several other analysts have also commented on the company. BMO Capital Markets dropped their target price on Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th. Canaccord Genuity Group cut their target price on shares of Surge Energy from C$11.00 to C$10.50 in a report on Tuesday, October 22nd. Finally, Raymond James upgraded shares of Surge Energy to a “moderate buy” rating in a research note on Thursday, October 17th.

Surge Energy Price Performance

Shares of TSE SGY opened at C$5.67 on Monday. Surge Energy has a 52 week low of C$4.94 and a 52 week high of C$8.16. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 29.47. The firm has a market cap of C$568.81 million, a P/E ratio of 3.50, a P/E/G ratio of 0.59 and a beta of 2.54. The business’s 50 day moving average price is C$5.71 and its 200 day moving average price is C$6.12.

Insider Activity at Surge Energy

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

Surge Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given 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 is Friday, January 31st. Surge Energy’s 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.