Surge Energy (TSE:SGY) Shares Up 0.7% – Still a Buy?

Posted by Tristan Rich on Jun 19th, 2025

Surge Energy Inc. (TSE:SGY – Get Free Report)’s stock price shot up 0.7% during trading on Tuesday . The company traded as high as C$6.15 and last traded at C$6.09. 572,736 shares changed hands during trading, an increase of 8% from the average session volume of 531,648 shares. The stock had previously closed at C$6.05.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial cut shares of Surge Energy from an “outperform” rating to a “market perform” rating and decreased their target price for the company from C$8.50 to C$6.00 in a research report on Wednesday, April 9th.

Get Our Latest Research Report on SGY

Surge Energy Trading Up 2.0%

The stock’s fifty day simple moving average is C$5.24 and its 200-day simple moving average is C$5.48. The firm has a market cap of C$662.71 million, a PE ratio of -8.26, a PEG ratio of 0.59 and a beta of 2.54. The company has a debt-to-equity ratio of 31.48, a current ratio of 0.66 and a quick ratio of 0.40.

Surge Energy Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were issued a $0.0433 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.88%. Surge Energy’s dividend payout ratio is currently -65.21%.

Insiders Place Their Bets

In other news, Senior Officer Murray Bye purchased 11,845 shares of the company’s stock in a transaction that occurred on Friday, May 9th. The shares were bought at an average price of C$4.88 per share, for a total transaction of C$57,803.60. 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.