Surge Energy (TSE:SGY) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Posted by Francis Steltz on May 28th, 2026

Shares of Surge Energy Inc. (TSE:SGY – Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$9.32 and traded as low as C$9.25. Surge Energy shares last traded at C$9.29, with a volume of 869,765 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial upgraded Surge Energy from a “hold” rating to a “moderate buy” rating and upped their target price for the stock from C$9.00 to C$11.00 in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$9.75.

View Our Latest Report on Surge Energy

Surge Energy Stock Down 3.2%

The firm has a 50 day simple moving average of C$9.32 and a two-hundred day simple moving average of C$8.03. The company has a quick ratio of 0.40, a current ratio of 0.58 and a debt-to-equity ratio of 34.75. The stock has a market capitalization of C$930.80 million, a P/E ratio of 132.71, a PEG ratio of 0.59 and a beta of -0.12.

Surge Energy (TSE:SGY – Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C($0.25) earnings per share for the quarter. Surge Energy had a return on equity of 1.01% and a net margin of 1.39%.The business had revenue of C$75.00 million for the quarter.

Surge Energy Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.0433 per share. The ex-dividend date was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 5.6%. Surge Energy’s dividend payout ratio is 742.85%.

Insider Activity at Surge Energy

In other news, insider Jared Ducs sold 5,125 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of C$9.39, for a total transaction of C$48,123.75. Following the completion of the transaction, the insider directly owned 127,356 shares in the company, valued at approximately C$1,195,872.84. This represents a 3.87% decrease in their ownership of the stock. Also, Director Allison Michelle Maher sold 8,999 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of C$8.56, for a total transaction of C$77,031.44. Following the transaction, the director owned 17,612 shares of the company’s stock, valued at C$150,758.72. This trade represents a 33.82% decrease in their ownership of the stock. Insiders have sold a total of 59,124 shares of company stock valued at $569,205 over the last three months. 1.97% of the stock is currently owned by corporate insiders.

About Surge Energy

(Get Free Report)

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.