Surge Energy (TSE:SGY) Hits New 1-Year High – Time to Buy?

Posted by George Bondi on May 19th, 2026

Surge Energy Inc. (TSE:SGY – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$10.29 and last traded at C$10.24, with a volume of 89678 shares traded. The stock had previously closed at C$10.15.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Analysis on Surge Energy

Surge Energy Stock Up 0.8%

The company has a market capitalization of C$1.02 billion, a PE ratio of 146.14, a price-to-earnings-growth ratio of 0.59 and a beta of -0.12. 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 firm has a 50-day moving average of C$9.13 and a two-hundred day moving average of C$7.88.

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

Surge Energy Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a dividend of $0.0433 per share. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Thursday, April 30th. Surge Energy’s dividend payout ratio (DPR) is currently 742.85%.

Insider Transactions at Surge Energy

In other news, insider Margaret Ann Elekes sold 25,000 shares of the firm’s stock in a transaction on 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 directly owned 129,921 shares in the company, valued at C$1,305,706.05. This trade represents a 16.14% decrease in their ownership of the stock. Also, insider Jared Ducs sold 5,125 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of C$9.39, for a total value of C$48,123.75. Following the transaction, the insider owned 127,356 shares of the company’s stock, valued at approximately C$1,195,872.84. This represents a 3.87% decrease in their ownership of the stock. In the last ninety days, insiders have sold 59,124 shares of company stock valued at $569,205. Corporate insiders own 1.97% of the company’s stock.

Surge Energy Company Profile

(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.