Surge Energy (TSE:SGY) Hits New 52-Week High – Time to Buy?

Posted by Stanley Muller on Jun 3rd, 2026

Surge Energy Inc. (TSE:SGY – Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as C$10.62 and last traded at C$10.02, with a volume of 1887103 shares. The stock had previously closed at C$9.41.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial raised shares of Surge Energy from a “hold” rating to a “moderate buy” rating and increased their price objective for the company from C$9.00 to C$11.00 in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$9.75.

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Surge Energy Price Performance

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’s 50 day simple moving average is C$9.37 and its 200 day simple moving average is C$8.09. The company has a market capitalization of C$1.00 billion, a PE ratio of 143.14, a price-to-earnings-growth ratio of 0.59 and a beta of -0.12.

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

Surge Energy Dividend Announcement

The firm also recently announced 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 5.2%. The ex-dividend date was Thursday, April 30th. Surge Energy’s dividend payout ratio (DPR) is 742.85%.

Insiders Place Their Bets

In other news, Director Allison Michelle Maher sold 8,999 shares of Surge Energy 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 completion of the sale, the director directly owned 17,612 shares in the company, valued at approximately C$150,758.72. This trade represents a 33.82% decrease in their ownership of the stock. Also, insider Margaret Ann Elekes sold 25,000 shares of Surge Energy stock in a transaction on Friday, May 15th. The stock was sold at an average price of C$10.05, for a total value of C$251,250.00. Following the sale, the insider owned 129,921 shares of the company’s stock, valued at approximately C$1,305,706.05. This trade represents a 16.14% decrease in their ownership of the stock. Insiders have sold a total of 59,124 shares of company stock valued at $569,205 in the last three months. 1.97% of the stock is owned by company insiders.

About Surge Energy

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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.