Surge Energy Future Growth

Future criteria checks 0/6

Surge Energy's revenue and earnings are forecast to decline at 2.3% and 37.2% per annum respectively. EPS is expected to decline by 31.3% per annum. Return on equity is forecast to be 12% in 3 years.

Key information

-37.2%

Earnings growth rate

-31.3%

EPS growth rate

Oil and Gas earnings growth	5.7%
Revenue growth rate	-2.3%
Future return on equity	12.0%
Analyst coverage	Low
Last updated	22 Apr 2024

Recent future growth updates

Recent updates

Industry Analysts Just Made A Meaningful Upgrade To Their Surge Energy Inc. (TSE:SGY) Revenue Forecasts

Nov 23

Earnings and Revenue Growth Forecasts

TSX:SGY - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	514	-19	N/A	165	1
12/31/2025	709	49	130	334	3
12/31/2024	668	56	107	315	3
12/31/2023	559	16	85	266	N/A
9/30/2023	560	149	97	265	N/A
6/30/2023	554	210	97	263	N/A
3/31/2023	600	268	106	278	N/A
12/31/2022	607	232	106	276	N/A
9/30/2022	588	171	103	248	N/A
6/30/2022	531	161	68	205	N/A
3/31/2022	425	396	22	137	N/A
12/31/2021	356	408	-3	100	N/A
9/30/2021	289	307	-35	61	N/A
6/30/2021	250	226	-14	50	N/A
3/31/2021	208	-142	-8	45	N/A
12/31/2020	191	-747	19	72	N/A
9/30/2020	217	-833	26	96	N/A
6/30/2020	250	-824	32	121	N/A
3/31/2020	316	-766	53	164	N/A
12/31/2019	347	-159	30	149	N/A
9/30/2019	318	-97	19	142	N/A
6/30/2019	311	-84	10	139	N/A
3/31/2019	291	-78	0	127	N/A
12/31/2018	264	-72	1	122	N/A
9/30/2018	275	-2	14	124	N/A
6/30/2018	247	-19	4	111	N/A
3/31/2018	226	-15	3	102	N/A
12/31/2017	213	-7	-5	94	N/A
9/30/2017	196	-8	N/A	81	N/A
6/30/2017	185	-4	N/A	75	N/A
3/31/2017	169	-19	N/A	66	N/A
12/31/2016	146	-30	N/A	55	N/A
9/30/2016	135	-80	N/A	56	N/A
6/30/2016	134	-111	N/A	48	N/A
3/31/2016	165	-113	N/A	59	N/A
12/31/2015	200	-214	N/A	107	N/A
9/30/2015	252	-258	N/A	126	N/A
6/30/2015	332	-189	N/A	190	N/A
3/31/2015	370	-141	N/A	206	N/A
12/31/2014	399	-33	N/A	207	N/A
9/30/2014	374	73	N/A	218	N/A
6/30/2014	326	48	N/A	162	N/A
3/31/2014	267	-5	N/A	144	N/A
12/31/2013	222	-10	N/A	113	N/A
9/30/2013	202	-75	N/A	90	N/A
6/30/2013	167	-86	N/A	97	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGY's earnings are forecast to decline over the next 3 years (-37.2% per year).

Earnings vs Market: SGY's earnings are forecast to decline over the next 3 years (-37.2% per year).

High Growth Earnings: SGY's earnings are forecast to decline over the next 3 years.

Revenue vs Market: SGY's revenue is expected to decline over the next 3 years (-2.3% per year).

High Growth Revenue: SGY's revenue is forecast to decline over the next 3 years (-2.3% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: SGY's Return on Equity is forecast to be low in 3 years time (12%).

Surge Energy Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Consensus EPS estimates fall by 10%

Consensus EPS estimates fall by 39%

Consensus EPS estimates fall by 13%

Consensus EPS estimates fall by 20%

Surge Energy Inc. Provides Production Guidance for the Year 2023

Consensus EPS estimates increase by 17%, revenue downgraded

Recent updates

Upcoming dividend of CA$0.04 per share

Consensus EPS estimates fall by 10%

Dividend of CA$0.04 announced

Surge Energy Inc. Confirms May 2024 Dividend, Payable on May 15, 2024

Surge Energy Inc. to Report Q1, 2024 Results on May 08, 2024

Chief Financial Officer recently sold CA$100k worth of stock

Upcoming dividend of CA$0.04 per share

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Dividend of CA$0.04 announced

Surge Energy Inc. Confirms April 2024 Dividend, Payable on April 15, 2024

Consensus EPS estimates fall by 39%

New minor risk - Earnings quality

Full year 2023 earnings: EPS and revenues miss analyst expectations

Surge Energy Inc., Annual General Meeting, May 14, 2024

Upcoming dividend of CA$0.04 per share

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Dividend of CA$0.04 announced

Surge Energy Inc. Confirms March 2024 Dividend, Payable on March 15, 2024

Surge Energy Inc. to Report Fiscal Year 2023 Results on Mar 06, 2024

Upcoming dividend of CA$0.04 per share at 7.6% yield

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Surge Energy Inc. Confirms February 2024 Dividend, Payable on February 15, 2024

Upcoming dividend of CA$0.04 per share at 7.2% yield

Surge Energy Inc. Confirms Confirms January 2024 Dividend, Payable on January 15, 2024

Consensus EPS estimates fall by 13%

Upcoming dividend of CA$0.04 per share at 5.8% yield

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Surge Energy Inc. Confirms Cash Dividend in Respect of November 2023, Payable on December 15, 2023

Consensus EPS estimates fall by 20%

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Surge Energy Inc. Provides Production Guidance for the Year 2023

Surge Energy Inc. to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of CA$0.04 per share at 5.2% yield

Consensus EPS estimates increase by 17%, revenue downgraded

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Price target increased by 7.0% to CA$13.57

Surge Energy Inc. Confirms November 2023 Dividend, Payable on November 15, 2023

Surge Energy Inc. announced that it expects to receive $6.3 million in funding

Surge Energy Inc. announced that it expects to receive $6.3 million in funding

Insider recently sold CA$287k worth of stock

Upcoming dividend of CA$0.04 per share at 5.2% yield

Surge Energy's (TSE:SGY) Dividend Will Be CA$0.04

Surge Energy Inc. Announces Cash Dividend in Respect of September 2023 Production, Payable on October 16, 2023

Upcoming dividend of CA$0.04 per share at 5.9% yield

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Surge Energy Inc. Announces Cash Dividend for August 2023, Payable on September 15, 2023

Insider recently sold CA$220k worth of stock

Second quarter 2023 earnings: EPS misses analyst expectations

Surge Energy Inc. to Report Q2, 2023 Results on Aug 02, 2023

Upcoming dividend of CA$0.04 per share at 6.1% yield

Surge Energy (TSE:SGY) Has Affirmed Its Dividend Of CA$0.04

Surge Energy Inc. Announces Cash Dividend for July 2023, Payable August 15, 2023

Consensus EPS estimates fall by 19%

Upcoming dividend of CA$0.04 per share at 6.6% yield

Surge Energy Inc. Announces Dividend for July 2023, Payable on July 17, 2023

Upcoming dividend of CA$0.04 per share at 6.2% yield

Surge Energy Inc. Confirms June 2023 Dividend, Payable on June 15, 2023

Consensus EPS estimates fall by 54%

First quarter 2023 earnings: EPS misses analyst expectations

Consensus EPS estimates fall by 17%

Consensus EPS estimates increase by 19%, revenue downgraded

Consensus EPS estimates increase by 57%

Upcoming dividend of CA$0.04 per share at 5.7% yield

Consensus EPS estimates increase by 88%

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of CA$0.04 per share at 5.5% yield

Surge Energy Inc. Confirms March 2023 Dividend, to Be Paid on March 15, 2023

Upcoming dividend of CA$0.04 per share

Surge Energy Inc. Increases February 2023 Dividend, Payable on February 15, 2023