Announcement • Jun 15
Surge Energy Inc. Confirms July 2026 Dividend, Payable on July 15, 2026 Surge Energy Inc. announced a cash dividend to be paid on July 15, 2026, in respect of June 2026 production, for the shareholders of record on June 30, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Recent Insider Transactions • Jun 15
Independent Director recently sold CA$105k worth of stock On the 11th of June, Michelle Gramatke sold around 10k shares on-market at roughly CA$10.51 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$2.7m. Insiders have been net sellers, collectively disposing of CA$7.4m more than they bought in the last 12 months. Announcement • Jun 04
Surge Energy Inc. Raises Production Guidance for the Full Year 2026 Surge Energy Inc. Raises production guidance for the full year 2026. For the year, the company now expects average production of 23,375 boepd (89% liquids) compared to 23,000 boepd (88% liquids). Recent Insider Transactions • Jun 03
Insider recently sold CA$157k worth of stock On the 2nd of June, Margaret Elekes sold around 15k shares on-market at roughly CA$10.45 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$2.7m. Insiders have been net sellers, collectively disposing of CA$6.9m more than they bought in the last 12 months. Declared Dividend • May 21
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 29th May 2026 Payment date: 15th June 2026 Dividend yield will be 5.2%, which is about the same as the industry average. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 6x earnings). However, it is covered by cash flows (56% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 674% to bring the payout ratio under control. EPS is expected to grow by 259% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • May 18
Surge Energy Inc. to Report Q2, 2026 Results on Jul 29, 2026 Surge Energy Inc. announced that they will report Q2, 2026 results on Jul 29, 2026 Recent Insider Transactions • May 17
Insider recently sold CA$503k worth of stock On the 15th of May, Margaret Elekes sold around 50k shares on-market at roughly CA$10.05 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$2.7m. Insiders have been net sellers, collectively disposing of CA$6.6m more than they bought in the last 12 months. Announcement • May 16
Surge Energy Inc. Confirms June 2026 Cash Dividend, Payable on June 15, 2026 Surge Energy Inc. confirmed that a cash dividend to be paid on June 15, 2026, in respect of May 2026 production, for the shareholders of record on May 31, 2026, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Major Estimate Revision • May 13
Consensus revenue estimates increase by 27% The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from CA$505.1m to CA$640.1m. EPS estimate unchanged from CA$0.74 at last update. Oil and Gas industry in Canada expected to see average net income growth of 32% next year. Consensus price target broadly unchanged at CA$12.39. Share price rose 2.3% to CA$9.89 over the past week. Reported Earnings • May 07
First quarter 2026 earnings released: CA$0.25 loss per share (vs CA$0.082 profit in 1Q 2025) First quarter 2026 results: CA$0.25 loss per share (down from CA$0.082 profit in 1Q 2025). Revenue: CA$75.0m (down 44% from 1Q 2025). Net loss: CA$24.7m (down 399% from profit in 1Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • May 06
Surge Energy Inc. to Report Q1, 2026 Results on May 06, 2026 Surge Energy Inc. announced that they will report Q1, 2026 results on May 06, 2026 Recent Insider Transactions Derivative • Apr 23
Chief Operating Officer exercised options to buy CA$568k worth of stock. On the 20th of April, Murray Bye exercised options to buy 61k shares at a strike price of around CA$8.77, costing a total of CA$531k. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since June 2025, Murray's direct individual holding has increased from 346.34k shares to 348.30k. Company insiders have collectively sold CA$5.1m more than they bought, via options and on-market transactions in the last 12 months. Major Estimate Revision • Apr 21
Consensus EPS estimates increase by 160% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CA$0.24 to CA$0.625. Revenue forecast unchanged at CA$505.1m. Net income forecast to grow 53% next year vs 20% growth forecast for Oil and Gas industry in Canada. Consensus price target up from CA$11.00 to CA$11.97. Share price was steady at CA$8.89 over the past week. Declared Dividend • Apr 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th April 2026 Payment date: 15th May 2026 Dividend yield will be 6.2%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (128% earnings payout ratio). However, it is well covered by cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 43% to bring the payout ratio under control. EPS is expected to grow by 83% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Apr 17
Surge Energy Inc. Confirms May 2026 Cash Dividend, Payable on May 15, 2026 Surge Energy Inc. confirmed that a cash dividend to be paid on May 15, 2026, in respect of April 2026 production, for the shareholders of record on April 30, 2026, will be $0.043333 per share. Price Target Changed • Apr 14
Price target increased by 7.9% to CA$11.33 Up from CA$10.50, the current price target is an average from 9 analysts. New target price is 26% above last closing price of CA$8.98. Stock is up 87% over the past year. The company is forecast to post earnings per share of CA$0.24 for next year compared to CA$0.41 last year. Major Estimate Revision • Apr 12
Consensus EPS estimates increase by 44% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from CA$0.167 to CA$0.24. Revenue forecast unchanged at CA$505.1m. Net income forecast to shrink 40% next year vs 18% growth forecast for Oil and Gas industry in Canada . Consensus price target up from CA$10.50 to CA$11.00. Share price was steady at CA$8.96 over the past week. Recent Insider Transactions • Apr 07
Insider recently sold CA$234k worth of stock On the 31st of March, Margaret Elekes sold around 25k shares on-market at roughly CA$9.35 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$484k. Insiders have been net sellers, collectively disposing of CA$3.1m more than they bought in the last 12 months. Recent Insider Transactions • Mar 19
Insider recently sold CA$484k worth of stock On the 16th of March, Margaret Elekes sold around 56k shares on-market at roughly CA$8.61 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.8m more than they bought in the last 12 months. Declared Dividend • Mar 19
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 5.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (128% earnings payout ratio). However, it is well covered by cash flows (48% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 43% to bring the payout ratio under control. EPS is expected to grow by 87% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Mar 16
Surge Energy Inc. Confirms April 2026 Dividend, Payable on April 15, 2026 Surge Energy Inc. confirmed that a cash dividend to be paid on April 15, 2026, in respect of March 2026 production, for the shareholders of record on March 31, 2026, will be $0.043333 per share. Announcement • Mar 10
Surge Energy Inc., Annual General Meeting, May 13, 2026 Surge Energy Inc., Annual General Meeting, May 13, 2026. Recent Insider Transactions • Mar 08
Chief Financial Officer recently sold CA$162k worth of stock On the 6th of March, Jared Ducs sold around 19k shares on-market at roughly CA$8.57 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$390k. This was Jared's only on-market trade for the last 12 months. Reported Earnings • Mar 06
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: CA$0.41 (up from CA$0.53 loss in FY 2024). Revenue: CA$499.9m (down 8.3% from FY 2024). Net income: CA$40.3m (up CA$94.0m from FY 2024). Profit margin: 8.1% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Declared Dividend • Feb 19
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 27th February 2026 Payment date: 16th March 2026 Dividend yield will be 6.6%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. EPS is expected to grow by 49% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Feb 17
Surge Energy Inc. Announces Cash Dividend March 2026, Payable on March 16, 2026 Surge Energy Inc. announced that a cash dividend to be paid on March 16, 2026, in respect of February 2026 production, for the shareholders of record on February 28, 2026, will be $0.043333 per share. Recent Insider Transactions • Feb 13
Insider recently sold CA$390k worth of stock On the 9th of February, Margaret Elekes sold around 50k shares on-market at roughly CA$7.81 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$668k more than they bought in the last 12 months. New Risk • Feb 11
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: CA$147k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (116% payout ratio). Large one-off items impacting financial results. Significant insider selling over the past 3 months (CA$147k sold). Declared Dividend • Jan 18
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th January 2026 Payment date: 16th February 2026 Dividend yield will be 7.7%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. EPS is expected to grow by 56% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jan 15
Surge Energy Inc. Confirms January 2026 Dividend, Payable on February 16, 2026 Surge Energy Inc. confirmed that a cash dividend to be paid on February 16, 2026, in respect of January 2026 production, for the shareholders of record on January 31, 2026, will be $0.043333 per share. Declared Dividend • Dec 18
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st December 2025 Payment date: 15th January 2026 Dividend yield will be 7.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. EPS is expected to grow by 56% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Recent Insider Transactions • Dec 10
Independent Chairman of the Board recently sold CA$147k worth of stock On the 8th of December, James Pasieka sold around 20k shares on-market at roughly CA$7.37 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. James has been a net seller over the last 12 months, reducing personal holdings by CA$206k. Declared Dividend • Nov 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 28th November 2025 Payment date: 15th December 2025 Dividend yield will be 6.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not covered by earnings (116% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 29% to bring the payout ratio under control. EPS is expected to grow by 80% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Nov 17
Surge Energy Inc. Confirms December 2025 Dividend, Payable on December 15, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on December 15, 2025, in respect of November 2025 production, for the shareholders of record on November 30, 2025, will be $0.043333 per share. Recent Insider Transactions • Nov 14
Director recently bought CA$248k worth of stock On the 11th of November, Myles Bosman bought around 36k shares on-market at roughly CA$6.88 per share. This transaction increased Myles' direct individual holding by 102x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold CA$309k more in shares than they bought in the last 12 months. Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CA$587.0m to CA$580.5m. EPS estimate also fell from CA$0.583 per share to CA$0.515 per share. Net income forecast to grow 29% next year vs 5.3% growth forecast for Oil and Gas industry in Canada. Consensus price target broadly unchanged at CA$9.31. Share price rose 5.8% to CA$6.97 over the past week. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: CA$0.07 (vs CA$0.17 in 3Q 2024) Third quarter 2025 results: EPS: CA$0.07 (down from CA$0.17 in 3Q 2024). Revenue: CA$114.2m (down 13% from 3Q 2024). Net income: CA$7.20m (down 58% from 3Q 2024). Profit margin: 6.3% (down from 13% in 3Q 2024). Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 18
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th October 2025 Payment date: 17th November 2025 Dividend yield will be 7.9%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.8% to bring the payout ratio under control. EPS is expected to grow by 8.3% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Oct 15
Surge Energy Inc. Confirms November 2025 Dividend, Payable on November 17, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on November 17, 2025, in respect of October 2025 production, for the shareholders of record on October 30, 2025, will be $0.043333 per share. Declared Dividend • Sep 17
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 29th September 2025 Payment date: 15th October 2025 Dividend yield will be 7.5%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.8% to bring the payout ratio under control. EPS is expected to grow by 13% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Sep 16
Surge Energy Inc. Confirms October 2025 Dividend, Payable on October 15, 2025 Surge Energy Inc. confirms that a cash dividend to be paid on October 15, 2025, in respect of September 2025 production, for the shareholders of record on September 30, 2025, will be $0.043333 per share. Declared Dividend • Aug 18
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 29th August 2025 Payment date: 15th September 2025 Dividend yield will be 7.4%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is not adequately covered by earnings (95% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 5.8% to bring the payout ratio under control. EPS is expected to grow by 13% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Aug 15
Surge Energy Inc. Confirms September 2025 Dividend, Payable on September 15, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on September 15, 2025, in respect of August 2025 production, for the shareholders of record on August 31, 2025, will be $0.043333 per share. Recent Insider Transactions • Jul 31
Independent Director recently sold CA$100k worth of stock On the 30th of July, Allison Maher sold around 13k shares on-market at roughly CA$7.64 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$221k more than they bought in the last 12 months. Announcement • Jul 31
Surge Energy Inc. to Report Q3, 2025 Results on Nov 05, 2025 Surge Energy Inc. announced that they will report Q3, 2025 results on Nov 05, 2025 Reported Earnings • Jul 29
Second quarter 2025 earnings released: EPS: CA$0.32 (vs CA$0.64 loss in 2Q 2024) Second quarter 2025 results: EPS: CA$0.32 (up from CA$0.64 loss in 2Q 2024). Revenue: CA$142.0m (down 4.0% from 2Q 2024). Net income: CA$31.9m (up CA$96.6m from 2Q 2024). Profit margin: 23% (up from net loss in 2Q 2024). Revenue is expected to decline by 1.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.7%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 17
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st July 2025 Payment date: 15th August 2025 Dividend yield will be 7.5%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (54% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jul 16
Surge Energy Inc. Announces Cash Dividend in Respect of July 2025, Payable on August 15, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on August 15, 2025, in respect of July 2025 production, for the shareholders of record on July 31, 2025, will be $0.043333 per share. Declared Dividend • Jun 19
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 7.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (54% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jun 18
Surge Energy Inc. to Report Q2, 2025 Results on Jul 28, 2025 Surge Energy Inc. announced that they will report Q2, 2025 results on Jul 28, 2025 Declared Dividend • May 18
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st May 2025 Payment date: 16th June 2025 Dividend yield will be 9.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (54% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • May 16
Surge Energy Inc. Confirms June 2025 Dividend, Payable on June 16, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on June 16, 2025, in respect of May 2025 production, for the shareholders of record on May 31, 2025, will be $0.043333 per share. Recent Insider Transactions • May 11
Chief Operating Officer recently bought CA$58k worth of stock On the 9th of May, Murray Bye bought around 12k shares on-market at roughly CA$4.88 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Murray's only on-market trade for the last 12 months. Reported Earnings • May 09
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: CA$0.08 (up from CA$0.036 loss in 1Q 2024). Revenue: CA$132.3m (up 1.4% from 1Q 2024). Net income: CA$8.25m (up CA$11.9m from 1Q 2024). Profit margin: 6.2% (up from net loss in 1Q 2024). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 68%. Revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 3.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • May 09
Surge Energy Inc. Provides Production Guidance for the Year 2025 Surge Energy Inc. provided production guidance for the year 2025. The company expects average 2025 production of 22,500 boepd (89% liquids). Price Target Changed • May 08
Price target decreased by 7.2% to CA$8.61 Down from CA$9.28, the current price target is an average from 9 analysts. New target price is 78% above last closing price of CA$4.84. Stock is down 33% over the past year. The company is forecast to post earnings per share of CA$0.68 next year compared to a net loss per share of CA$0.53 last year. Price Target Changed • Apr 30
Price target decreased by 8.7% to CA$8.78 Down from CA$9.61, the current price target is an average from 9 analysts. New target price is 88% above last closing price of CA$4.67. Stock is down 35% over the past year. The company is forecast to post earnings per share of CA$0.68 next year compared to a net loss per share of CA$0.53 last year. Declared Dividend • Apr 17
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th April 2025 Payment date: 15th May 2025 Dividend yield will be 10%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (62% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Apr 15
Surge Energy Inc. Confirms May 2025 Dividend, Payable on May 15, 2025 Surge Energy Inc. confirms that a cash dividend to be paid on May 15, 2025, in respect of April 2025 production, for the shareholders of record on April 30, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Mar 25
Surge Energy Inc. to Report Q1, 2025 Results on May 07, 2025 Surge Energy Inc. announced that they will report Q1, 2025 results on May 07, 2025 Declared Dividend • Mar 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 8.5%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (62% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Mar 17
Surge Energy Inc. Announces April 2025 Dividend, Payable on April 15, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on April 15, 2025, in respect of March 2025 production, for the shareholders of record on March 31, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Announcement • Mar 10
Surge Energy Inc., Annual General Meeting, May 14, 2025 Surge Energy Inc., Annual General Meeting, May 14, 2025. Reported Earnings • Mar 06
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: CA$0.53 loss per share (down from CA$0.16 profit in FY 2023). Revenue: CA$541.7m (down 3.0% from FY 2023). Net loss: CA$53.7m (down 441% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to stay flat during the next 3 years compared to a 3.0% growth forecast for the Oil and Gas industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Mar 06
Surge Energy Inc. Provides Production Guidance for the Full Year 2025 Surge Energy Inc. provided production guidance for the full year 2025. Estimated 2025 average production of 22,500 boepd (91% liquids). Declared Dividend • Feb 20
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 28th February 2025 Payment date: 17th March 2025 Dividend yield will be 8.8%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (55% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Feb 18
Surge Energy Inc. Confirms Cash Dividend for February 2025, Payable March 17, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on March 17, 2025, in respect of February 2025 production, for the shareholders of record on February 28, 2025, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Buy Or Sell Opportunity • Jan 27
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to CA$5.70. The fair value is estimated to be CA$7.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Jan 17
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st January 2025 Payment date: 18th February 2025 Dividend yield will be 8.5%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (55% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jan 15
Surge Energy Inc. Confirms February 2025 Dividend, Payable on February 18, 2025 Surge Energy Inc. confirmed that a cash dividend to be paid on February 18, 2025, in respect of January 2024 production, for the shareholders of record on January 31, 2025, will be $0.043333 per share. Recent Insider Transactions • Jan 13
Chief Financial Officer recently sold CA$72k worth of stock On the 7th of January, Jared Ducs sold around 12k shares on-market at roughly CA$6.17 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jared has been a net seller over the last 12 months, reducing personal holdings by CA$201k. Recent Insider Transactions • Jan 10
Chief Financial Officer recently sold CA$72k worth of stock On the 7th of January, Jared Ducs sold around 12k shares on-market at roughly CA$6.17 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jared has been a net seller over the last 12 months, reducing personal holdings by CA$201k. Recent Insider Transactions • Jan 08
Chief Financial Officer recently sold CA$72k worth of stock On the 7th of January, Jared Ducs sold around 12k shares on-market at roughly CA$6.17 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Jared has been a net seller over the last 12 months, reducing personal holdings by CA$201k. Recent Insider Transactions • Dec 26
Independent Chairman of the Board recently sold CA$59k worth of stock On the 23rd of December, James Pasieka sold around 11k shares on-market at roughly CA$5.23 per share. This transaction amounted to 8.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months. Announcement • Dec 25
Surge Energy Inc. to Report Fiscal Year 2024 Results on Mar 05, 2025 Surge Energy Inc. announced that they will report fiscal year 2024 results on Mar 05, 2025 Announcement • Dec 20
Surge Energy Inc. Revises Production Guidance for the Year 2025 Surge Energy Inc. revised production guidance for the year 2025. For the year, the company now revised estimated 2025 average production of 22,500 boepd (91% liquids) against previously announced production guidance of 23,750 boepd (87% liquids). Declared Dividend • Dec 19
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st December 2024 Payment date: 15th January 2025 Dividend yield will be 10%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (55% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Dec 16
Surge Energy Inc. Confirms January 2025 Dividend, Payable on January 15, 2025 Surge Energy Inc. confirms that a cash dividend to be paid on January 15, 2025, in respect of December 2024 production, for the shareholders of record on December 31, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Declared Dividend • Nov 18
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 29th November 2024 Payment date: 16th December 2024 Dividend yield will be 8.6%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (55% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Nov 15
Surge Energy Inc. Confirms December 2024 Dividend, Payable on December 16, 2024 Surge Energy Inc. confirmed that a cash dividend to be paid on December 16, 2024, in respect of October 2024 production, for the shareholders of record on November 30, 2024, will be $0.043333 per share. Reported Earnings • Nov 08
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CA$0.17 (up from CA$0.17 in 3Q 2023). Revenue: CA$143.8m (down 6.0% from 3Q 2023). Net income: CA$17.3m (up 4.1% from 3Q 2023). Profit margin: 12% (up from 11% in 3Q 2023). Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 32%. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in Canada are expected to grow by 1.3%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Declared Dividend • Oct 17
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st October 2024 Payment date: 15th November 2024 Dividend yield will be 8.1%, which is higher than the industry average of 5.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (53% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Oct 15
Surge Energy Inc. Confirms Dividend November 2024, Payable on November 15, 2024 Surge Energy Inc. confirmed that a cash dividend to be paid on November 15, 2024, in respect of October 2024 production, for the shareholders of record on October 31, 2024, will be $0.043333 per share. The dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). Upcoming Dividend • Sep 20
Upcoming dividend of CA$0.043 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 15 October 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 8.4%. Within top quartile of Canadian dividend payers (5.8%). Higher than average of industry peers (4.8%). Announcement • Sep 16
Surge Energy Inc. Confirms October 2024 Dividend, Payable on October 15, 2024 Surge Energy Inc. confirmed that a cash dividend to be paid on October 15, 2024, in respect of September 2024 production, for the shareholders of record on September 30, 2024, will be $0.043333 per share.