Surge Energy (TSE:SGY) Reaches New 52-Week High – Should You Buy?

Posted by Stanley Muller on Aug 12th, 2026

Shares of Surge Energy Inc. (TSE:SGY – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$10.72 and last traded at C$10.59, with a volume of 104275 shares. The stock had previously closed at C$10.60.

Wall Street Analysts Forecast Growth

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

Read Our Latest Analysis on SGY

Surge Energy Stock Performance

The business’s fifty day moving average price is C$9.74 and its two-hundred day moving average price is C$9.08. The company has a debt-to-equity ratio of 31.11, a quick ratio of 0.40 and a current ratio of 1.04. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 24.02, a P/E/G ratio of 0.59 and a beta of -0.42.

Surge Energy (TSE:SGY – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported C$0.68 EPS for the quarter. The firm had revenue of C$191.22 million during the quarter. Surge Energy had a net margin of 8.01% and a return on equity of 6.18%.

Surge Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 17th will be paid a $0.0433 dividend. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, July 31st. Surge Energy’s dividend payout ratio (DPR) is presently 118.18%.

Insider Buying and Selling

In other news, insider Margaret Ann Elekes sold 25,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of C$10.05, for a total value of C$251,250.00. Following the completion of the sale, the insider owned 129,921 shares in the company, valued at approximately C$1,305,706.05. This trade represents a 16.14% decrease in their position. Also, Director Allison Michelle Maher sold 9,878 shares of Surge Energy stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$10.49, for a total transaction of C$103,620.22. Following the transaction, the director directly owned 18,725 shares of the company’s stock, valued at approximately C$196,425.25. This represents a 34.53% decrease in their ownership of the stock. Insiders have sold a total of 86,479 shares of company stock worth $900,813 in the last 90 days. Company insiders own 1.97% of the company’s stock.

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.