Q2 2024 EPS Estimates for Surge Energy Inc. Boosted by Analyst (TSE:SGY)

Surge Energy Inc. (TSE:SGY) – Investment analysts at Atb Cap Markets upped their Q2 2024 earnings estimates for shares of Surge Energy in a research note issued on Wednesday, July 17th. Atb Cap Markets analyst A. Arif now anticipates that the company will post earnings of $0.34 per share for the quarter, up from their prior estimate of $0.15. The consensus estimate for Surge Energy’s current full-year earnings is $0.76 per share. Atb Cap Markets also issued estimates for Surge Energy’s Q3 2024 earnings at $0.40 EPS, FY2024 earnings at $1.02 EPS, FY2025 earnings at $0.98 EPS, FY2026 earnings at $0.41 EPS and FY2027 earnings at $0.01 EPS.

Surge Energy Stock Down 0.8 %

Shares of SGY opened at C$7.02 on Monday. Surge Energy has a 1 year low of C$5.89 and a 1 year high of C$9.77. The company has a debt-to-equity ratio of 34.03, a current ratio of 0.38 and a quick ratio of 0.40. The stock has a 50 day simple moving average of C$7.01 and a two-hundred day simple moving average of C$7.00. The firm has a market cap of C$706.07 million, a P/E ratio of 4.33, a P/E/G ratio of 0.59 and a beta of 2.66.

Surge Energy (TSE:SGY) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.17). The firm had revenue of C$158.17 million during the quarter, compared to analysts’ expectations of C$158.95 million. Surge Energy had a negative return on equity of 0.32% and a negative net margin of 0.48%.

Surge Energy Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a $0.043 dividend. This is a boost from Surge Energy’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, July 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 7.35%. Surge Energy’s dividend payout ratio is 29.63%.

Surge Energy Company Profile

Surge Energy Inc explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc in June 2010.