1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Surge Energy Inc.
  6. News
  7. Summary
    SGY   CA86880Y8779

SURGE ENERGY INC.

(SGY)
  Report
Delayed Toronto Stock Exchange  -  05/18 04:00:00 pm EDT
10.20 CAD   -2.58%
05/11Surge Energy Inc. Announces Annual General Meeting Voting Results
AQ
05/06BMO Says Surge Energy 'Well Positioned' Despite Impact on Operations from Weather/Fire in Q1
MT
05/06Surge energy inc. announces intent to reinstitute base dividend on july 15, 2022, large new light oil pool extension and land acquisition at steelman in se saskatchewan
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Toronto Stocks Climb; Surge Energy Shares Rise on Dividend, Buyback Plans

01/17/2022 | 12:36pm EDT

By Adriano Marchese


Stocks in Toronto are firmly in green territory on Monday midday while U.S. markets are closed for Martin Luther King Jr. Day. In the session, most sectors were up, led by health tech and distribution services, while the process industries sector is the main laggard. Shares in Surge Energy Inc. rose on news that it plans to reinstate its dividend and that it will evaluate the potential for share buybacks.

Canada's S&P/TSX Composite Index was up 0.80% at 21528.98. The blue-chip S&P/TSX 60 was also ahead, rising 0.85% at 1311.35.

Surge Energy Inc. said it will first reduce its short-term debt with the long-term C$130 million debt facility announced in early December, before looking to resume its shareholder returns-focused business model. Shares rose by 6.1% to C$6.64.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

01-17-22 1235ET

Stocks mentioned in the article
ChangeLast1st jan.
ON SEMICONDUCTOR CORPORATION -4.56% 55.83 Delayed Quote.-17.80%
SURGE ENERGY INC. -2.58% 10.2 Delayed Quote.137.42%
All news about SURGE ENERGY INC.
05/11Surge Energy Inc. Announces Annual General Meeting Voting Results
AQ
05/06BMO Says Surge Energy 'Well Positioned' Despite Impact on Operations from Weather/Fire ..
MT
05/06Surge energy inc. announces intent to reinstitute base dividend on july 15, 2022, large..
AQ
05/06MT NEWSWIRES CANADA OVERNIGHT STOCKS : Nomad Royalty; Bausch Health; Galiano Gold; Surge E..
MT
05/05Surge Energy Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
CI
05/05Surge energy inc. announces intent to reinstitute base dividend on july 15, 2022; large..
AQ
05/05Surge Energy Inc. Reinstating Base Annual Cash Dividend, Payable on July 15, 2022
CI
04/22Surge Energy America Announces Moody's Credit Rating Upgrades
AQ
04/21Surge Energy America Announces Increased Borrowing Base and Elected Commitments of Revo..
AQ
04/14SURGE ENERGY BRIEF : Also Raised To Outperform, With Price Target of $14.50, at National B..
MT
More news
Financials
Sales 2022 782 M 608 M 608 M
Net income 2022 89,4 M 69,6 M 69,6 M
Net Debt 2022 157 M 122 M 122 M
P/E ratio 2022 8,95x
Yield 2022 2,28%
Capitalization 850 M 662 M 662 M
EV / Sales 2022 1,29x
EV / Sales 2023 1,18x
Nbr of Employees 76
Free-Float 97,9%
Chart SURGE ENERGY INC.
Duration : Period :
Surge Energy Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SURGE ENERGY INC.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 10,20 CAD
Average target price 14,16 CAD
Spread / Average Target 38,8%
EPS Revisions
Managers and Directors
Paul Colborne President, Chief Executive Officer & Director
Jared Ducs Chief Financial Officer
James Murray Pasieka Chairman
Murray Bye Chief Operating Officer
Murray D. Smith Independent Director
Sector and Competitors
1st jan.Capi. (M$)
SURGE ENERGY INC.137.42%662
CIVITAS RESOURCES, INC.26.73%5 612
TOPAZ ENERGY CORP.37.20%2 742
PAREX RESOURCES INC.20.31%2 331
PETRORECONCAVO S.A.44.87%1 353
ATHABASCA OIL CORPORATION104.20%1 083