Surge Energy Future Growth

Future criteria checks 3/6

Surge Energy's revenue is forecast to decline at 3.4% per annum while its annual earnings are expected to grow at 77.2% per year. EPS is expected to grow by 77.4% per annum.

Key information

77.2%

Earnings growth rate

77.4%

EPS growth rate

Oil and Gas earnings growth	4.8%
Revenue growth rate	-3.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	07 Nov 2024

Recent future growth updates

Recent updates

Surge Energy's (TSE:SGY) Shareholders Will Receive A Bigger Dividend Than Last Year

Aug 19

Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why

May 08

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

Mar 18

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

Feb 19

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

Jan 19

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

Nov 18

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

Oct 19

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

Sep 19

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

Aug 18

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

Jul 20

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	535	59	32	243	2
12/31/2025	612	89	90	290	4
12/31/2024	660	-33	92	288	3
9/30/2024	549	-81	95	294	N/A
6/30/2024	570	-81	101	291	N/A
3/31/2024	554	-3	93	278	N/A
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	N/A	111	N/A
3/31/2018	226	-15	N/A	102	N/A
12/31/2017	213	-7	N/A	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

Analyst Future Growth Forecasts

Earnings vs Savings Rate: SGY is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: SGY is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SGY is expected to become profitable in the next 3 years.

Revenue vs Market: SGY's revenue is expected to decline over the next 3 years (-3.4% per year).

High Growth Revenue: SGY's revenue is forecast to decline over the next 3 years (-3.4% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if SGY's Return on Equity is forecast to be high in 3 years time

Surge Energy Future Growth

Future criteria checks 3/6

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

Dividend of CA$0.043 announced

Surge Energy Inc. Confirms December 2024 Dividend, Payable on December 16, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Dividend of CA$0.043 announced

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

Upcoming dividend of CA$0.043 per share

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

Insider exercised options to buy CA$721k worth of stock.

Surge Energy's (TSE:SGY) Shareholders Will Receive A Bigger Dividend Than Last Year

Dividend of CA$0.043 announced

Surge Energy Inc. Confirms September 2024 Dividend, Payable on September 16, 2024

Surge Energy Inc. to Report Q3, 2024 Results on Nov 06, 2024

Second quarter 2024 earnings: EPS misses analyst expectations

Surge Energy (TSE:SGY) Is Increasing Its Dividend To CA$0.043

Dividend increased to CA$0.043

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

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

Dividend of CA$0.04 announced

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

An undisclosed buyer acquired Non-core assets at at Shaunavon and Westerose of Surge Energy Inc for CAD 37.4 million.

Surge Energy (TSE:SGY) Is Paying Out A Dividend Of CA$0.04

Dividend of CA$0.04 announced

Surge Energy Inc. Confirms June 2024 Dividend, Payable on June 17, 2024

Surge Energy Inc. (TSX:SGY) completed the acquisition of 50% stake in 6-8 gas plant in the Betty Lake area for CAD 3.7 million.

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Shareholders May Not Be So Generous With Surge Energy Inc.'s (TSE:SGY) CEO Compensation And Here's Why

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