Surge Energy (TSE:SGY) Announces Earnings Results

Posted by Brian Himes on Jul 29th, 2026

Surge Energy (TSE:SGY – Get Free Report) announced its earnings results on Wednesday. The company reported C$0.68 earnings per share for the quarter, FiscalAI reports. Surge Energy had a net margin of 1.39% and a return on equity of 1.01%. The business had revenue of C$191.22 million during the quarter.

Surge Energy Stock Performance

SGY stock traded up C$0.18 during midday trading on Wednesday, reaching C$9.89. 590,956 shares of the company’s stock traded hands, compared to its average volume of 898,231. Surge Energy has a 52-week low of C$6.42 and a 52-week high of C$10.65. The stock has a market cap of C$990.92 million, a P/E ratio of 141.29, a PEG ratio of 0.59 and a beta of -0.39. The company has a current ratio of 0.58, a quick ratio of 0.40 and a debt-to-equity ratio of 34.75. The stock’s 50-day moving average is C$9.66 and its 200 day moving average is C$8.84.

Surge Energy Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 17th will be given a dividend of $0.0433 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, July 31st. Surge Energy’s payout ratio is 742.85%.

Insider Buying and Selling at Surge Energy

In other news, insider Margaret Ann Elekes sold 25,000 shares of Surge Energy stock in a transaction on Friday, May 15th. The shares were sold at an average price of C$10.05, for a total transaction of C$251,250.00. Following the transaction, the insider owned 129,921 shares in the company, valued at C$1,305,706.05. This trade represents a 16.14% decrease in their position. Also, insider Jared Ducs sold 27,601 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$10.57, for a total transaction of C$291,742.57. Following the sale, the insider directly owned 118,847 shares of the company’s stock, valued at approximately C$1,256,212.79. The trade was a 18.85% decrease in their position. Insiders have sold a total of 86,479 shares of company stock valued at $900,813 over the last three months. Insiders own 1.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SGY. Raymond James Financial upped their price target on Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Canaccord Genuity Group lifted their price objective on Surge Energy from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Acumen Capital boosted their target price on Surge Energy from C$13.25 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. National Bank Financial increased their target price on Surge Energy from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Finally, ATB Cormark Capital Markets increased their target price on Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$13.25.

Check Out Our Latest Report on SGY

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.