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Surge Energy
(TSX:SGY)
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Rating:61Neutral
Price Target:
C$13.00
▲(18.83% Upside)
Action:Reiterated
Date:07/31/26
The score is supported primarily by stable financial performance (healthy operating cash flow/free cash flow and moderate leverage) and a constructive price trend (above key moving averages). It is held back most by valuation risk due to a very high P/E, with the dividend yield only partially offsetting that concern.
Positive Factors
Strong cash generation
Strong operating cash flow and positive free cash flow provide internal funding for drilling, development and obligations. The sizable year-over-year free cash flow improvement supports financial resilience and gives Surge flexibility to sustain production without relying entirely on external capital.
Negative Factors
Thin net profitability and volatile results
Very thin net profitability leaves limited protection against changes in costs, financing, royalties or realized prices. The recent loss year and broader earnings swings reduce confidence that strong operating margins will consistently translate into durable bottom-line earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Strong operating cash flow and positive free cash flow provide internal funding for drilling, development and obligations. The sizable year-over-year free cash flow improvement supports financial resilience and gives Surge flexibility to sustain production without relying entirely on external capital.
Read all positive factors
Surge Energy (SGY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.21B
Dividend Yield4.28%
Average Volume (3M)744.40K
Price to Earnings (P/E)27.6
Beta (1Y)<0.01
Revenue Growth2.63%
EPS Growth-18.64%
CountryCA
Employees86
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)0.44
Shares Outstanding99,188,320
10 Day Avg. Volume785,506
30 Day Avg. Volume744,396
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.95
Price to Sales (P/S)1.43
P/FCF Ratio6.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$12.00Price Target Upside9.69% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.23
Revenue Forecast (FY)C$701.64M
Surge Energy Business Overview & Revenue Model
Company Description
Operating in western Canada, Surge Energy Inc. is engaged in the exploration, development, and production of petroleum and natural gas resources. Its portfolio includes significant interests in several key regions: the Greater Sawn Lake area in No...
How the Company Makes Money
Surge Energy primarily makes money by producing and selling hydrocarbons—mainly crude oil (including light and medium oil) and, to a lesser extent, natural gas and natural gas liquids (NGLs)—from its Western Canadian assets. Revenue is generated w...
Surge Energy Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 559.20M | 480.72M | 665.29M | 558.64M | 734.47M | 414.64M |
| Gross Profit | 219.57M | 114.28M | 356.90M | 348.63M | 464.61M | 243.96M |
| EBITDA | 325.37M | 266.19M | 163.24M | 307.51M | 340.70M | 542.12M |
| Net Income | 44.78M | 40.26M | -53.72M | 15.75M | 231.72M | 407.61M |
Balance Sheet | ||||||
| Total Assets | 1.37B | 1.32B | 1.37B | 1.48B | 1.55B | 1.28B |
| Cash, Cash Equivalents and Short-Term Investments | 45.70M | 18.65M | 7.59M | 0.00 | 0.00 | 0.00 |
| Total Debt | 229.44M | 243.89M | 232.12M | 282.18M | 347.92M | 337.06M |
| Total Liabilities | 629.44M | 599.53M | 627.64M | 636.79M | 711.75M | 762.06M |
| Stockholders Equity | 737.55M | 724.98M | 738.51M | 843.98M | 838.32M | 513.38M |
Cash Flow | ||||||
| Free Cash Flow | 129.25M | 100.42M | 83.54M | 84.57M | 106.18M | -3.30M |
| Operating Cash Flow | 281.35M | 265.90M | 278.65M | 266.14M | 276.13M | 100.48M |
| Investing Cash Flow | -157.36M | -181.67M | -153.00M | -177.56M | -332.27M | -16.00M |
| Financing Cash Flow | -86.73M | -73.18M | -118.05M | -88.58M | 56.15M | -84.48M |
Surge Energy Technical Analysis
Positive
10.94
Price Trends
10.30
Positive
9.96
Positive
8.72
Positive
Market Momentum
0.44
Negative
72.20
Negative
91.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SGY, the sentiment is Positive. The current price of 10.94 is below the 20-day moving average (MA) of 11.23, above the 50-day MA of 10.30, and above the 200-day MA of 8.72, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 72.20 is Negative, neither overbought nor oversold. The STOCH value of 91.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SGY.
Surge Energy Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | C$1.26B | 3.34 | 15.03% | ― | 5.74% | -75.93% | |
69 Neutral | C$1.56B | 16.68 | 11.82% | ― | 5.70% | -73.12% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | C$2.38B | 19.38 | 29.50% | ― | 380.56% | -39.41% | |
61 Neutral | C$1.21B | 27.57 | 6.18% | 4.28% | 2.63% | -18.64% | |
61 Neutral | C$1.20B | 59.88 | 1.39% | 25.00% | -21.66% | ― |
* Energy Sector Average
TSE:SGY
Surge Energy
12.16
5.72
88.94%
TSE:OBE
Obsidian Energy
17.37
8.95
106.29%
TSE:TNZ
Tenaz Energy Corp
73.08
51.39
236.93%
TSE:VLE
Valeura Energy
14.73
7.45
102.34%
TSE:SOIL
Saturn Oil & Gas
7.02
4.37
164.91%
Surge Energy Corporate Events
Business Operations and StrategyDividends
Surge Energy Confirms September Dividend, Signals Confidence in Cash Flow
Positive
Aug 17, 2026
Surge Energy Inc. has confirmed a cash dividend of $0.043333 per share to be paid on September 15, 2026 to shareholders of record as of August 31, 2026, relating to August 2026 production. The dividend has been designated an eligible dividend unde...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.