A number of research firms have changed their ratings and price targets for Surge Energy (TSE: SGY):
- 6/2/2026 – Surge Energy had its price target raised by ATB Cormark Capital Markets from C$12.00 to C$13.00. They now have an “outperform” rating on the stock.
- 6/2/2026 – Surge Energy had its price target raised by National Bank Financial from C$12.75 to C$13.50. They now have an “outperform” rating on the stock.
- 6/2/2026 – Surge Energy had its price target raised by Canaccord Genuity Group Inc. from C$12.00 to C$13.00. They now have a “buy” rating on the stock.
- 6/2/2026 – Surge Energy had its price target raised by Acumen Capital from C$13.25 to C$13.75. They now have a “buy” rating on the stock.
- 6/2/2026 – Surge Energy had its price target raised by Raymond James Financial, Inc. from C$12.00 to C$13.00. They now have an “outperform” rating on the stock.
Surge Energy Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were issued a $0.0433 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a yield of 5.1%. Surge Energy’s dividend payout ratio (DPR) is 742.85%.
Insider Buying and Selling
In other news, insider Margaret Ann Elekes sold 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of C$10.05, for a total transaction of C$251,250.00. Following the completion of the transaction, the insider owned 129,921 shares of the company’s stock, valued at approximately C$1,305,706.05. The trade was a 16.14% decrease in their ownership of the stock. Also, insider Jared Ducs sold 27,601 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$10.57, for a total value of C$291,742.57. Following the transaction, the insider directly owned 118,847 shares of the company’s stock, valued at C$1,256,212.79. The trade was a 18.85% decrease in their position. Insiders sold 110,603 shares of company stock worth $1,113,668 over the last quarter. 1.97% of the stock is owned by corporate insiders.
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.
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