Surge Energy (TSE:SGY) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Posted by Sarita Garza on Oct 4th, 2026

Surge Energy Inc. (TSE:SGY – Get Free Report)’s share price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of C$11.02 and traded as low as C$10.89. Surge Energy shares last traded at C$11.24, with a volume of 560,027 shares.

Wall Street Analyst Weigh In

Separately, ATB Cormark Capital Markets lifted their price target on Surge Energy from C$13.00 to C$15.00 and gave the company an “outperform” rating in a report on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$13.65.

Get Our Latest Analysis on SGY

Surge Energy Stock Performance

The firm’s 50 day moving average is C$11.02 and its 200 day moving average is C$10.01. 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 cap of C$1.11 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 0.59 and a beta of -0.26.

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

Surge Energy Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 17th were given a dividend of $0.0433 per share. This represents a $0.52 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, July 31st. Surge Energy’s dividend payout ratio is currently 118.18%.

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.