Surge Energy - SGY Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$14.04
  • Forecasted Upside: 59.75%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 5 Buy Ratings
  • 1 Strong Buy Ratings
▼ -0.05 (-0.57%)

This chart shows the closing price for SGY by one month, three months, or twelve months.

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Analyst Price Target for SGY

Analyst Price Target is C$14.04
▲ +59.75% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Surge Energy in the last 3 months. The average price target is C$14.04, with a high forecast of C$15.50 and a low forecast of C$12.00. The average price target represents a 59.75% upside from the last price of C$8.79.

This chart shows the closing price for SGY for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 6 contributing investment analysts is to buy stock in Surge Energy. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

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  • 1 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 2 buy ratings
  • 2 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings
  • 1 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Latest Recommendations

  • 1 strong buy ratings
  • 5 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
3/29/2023Canaccord Genuity GroupLower TargetC$14.75 ➝ C$13.75
3/13/2023Stifel NicolausBoost TargetC$10.25 ➝ C$12.00
1/16/2023Raymond JamesLower TargetOutperformC$15.00 ➝ C$14.00
1/13/2023Stifel NicolausSet TargetBuyC$10.25
1/12/2023Stifel FirstegyReiterated RatingBuy
11/23/2022CormarkReiterated RatingTop PickC$15.50
10/27/2022ATB CapitalReiterated RatingOutperformC$15.00
9/30/2022National BanksharesLower TargetC$14.00
4/18/2022CormarkUpgradeBuy ➝ Top Pick
4/14/2022National BanksharesUpgradeSector Perform ➝ Buy
1/19/2022Raymond JamesSet TargetOutperformC$12.00
1/12/2022Raymond JamesReiterated RatingOutperform
10/19/2021Raymond JamesBoost TargetOutperformC$10.50 ➝ C$12.00
10/5/2021Raymond JamesReiterated RatingOutperform
8/3/2021Raymond JamesReiterated RatingOutperformC$1.25
6/23/2021Raymond JamesReiterated RatingOutperformC$1.25
6/17/2021National Bank FinancialBoost TargetSector PerformC$1.00
6/17/2021National BanksharesBoost TargetC$0.90 ➝ C$1.00
5/17/2021Raymond JamesReiterated RatingOutperformC$1.25
5/17/2021CormarkReiterated RatingBuyC$1.30
5/14/2021National Bank FinancialReiterated RatingSector PerformC$0.90
5/14/2021National BanksharesSet TargetSector PerformC$0.90
4/15/2021National Bank FinancialDowngradeSector PerformC$0.90
4/15/2021National BanksharesDowngradeOutperform ➝ Sector PerformC$0.90
4/14/2021CIBCLower TargetNeutralC$1.00 ➝ C$0.85
3/17/2021Raymond JamesBoost TargetMarket Perform ➝ OutperformC$0.75 ➝ C$1.25
3/15/2021BMO Capital MarketsBoost TargetNAC$0.75 ➝ C$1.00
3/11/2021Raymond JamesUpgradeUnderperform ➝ Market PerformC$0.25 ➝ C$0.75
3/8/2021National Bank FinancialUpgradeSector Perform ➝ OutperformC$0.75 ➝ C$0.90
3/8/2021BMO Capital MarketsBoost TargetC$0.45 ➝ C$0.75
3/5/2021Stifel FirstegyUpgradeHold ➝ Buy
2/19/2021National Bank FinancialBoost TargetC$0.50 ➝ C$0.75
1/28/2021Raymond JamesReiterated RatingUnderpeformC$0.25
12/16/2020CIBCBoost TargetC$0.40 ➝ C$0.50
11/5/2020Raymond JamesSet TargetUnderperformC$0.25
10/14/2020Raymond JamesLower TargetUnderperformC$0.50 ➝ C$0.25
8/4/2020Raymond JamesSet TargetUnderperformC$0.50
8/4/2020CormarkLower TargetC$0.45 ➝ C$0.40
7/17/2020CormarkBoost TargetC$0.40 ➝ C$0.45
7/15/2020Raymond JamesBoost TargetUnderperformC$0.25 ➝ C$0.50
6/29/2020BMO Capital MarketsBoost TargetC$0.40 ➝ C$0.50
6/24/2020National Bank FinancialBoost TargetSector PerformC$0.40 ➝ C$0.50
5/7/2020TD SecuritiesBoost TargetBuyC$0.35 ➝ C$0.40
5/7/2020Raymond JamesSet TargetUnderperformC$0.25
4/23/2020National Bank FinancialLower TargetSector PerformC$0.50 ➝ C$0.40
4/22/2020Raymond JamesLower TargetUnderperformC$0.35 ➝ C$0.25
4/22/2020CIBCLower TargetC$1.00 ➝ C$0.50
4/15/2020Raymond JamesLower TargetUnderperformC$0.40 ➝ C$0.35
4/15/2020National Bank FinancialLower TargetSector PerformC$0.65 ➝ C$0.50
3/25/2020Raymond JamesLower TargetUnderperformC$0.50 ➝ C$0.40
3/12/2020Raymond JamesDowngradeMarket Perform ➝ UnderperformC$1.50 ➝ C$0.50
3/11/2020Stifel FirstegyDowngradeBuy ➝ Hold
3/11/2020TD SecuritiesLower TargetBuyC$1.80 ➝ C$1.70
3/10/2020National Bank FinancialDowngradeOutperform ➝ Sector PerformC$1.50 ➝ C$0.65
2/12/2020Laurentian Bank of CanadaLower TargetC$1.80 ➝ C$1.65
2/12/2020LaurentianLower TargetC$1.80 ➝ C$1.65
1/31/2020National Bank FinancialLower TargetOutperformC$1.75 ➝ C$1.50
1/14/2020ScotiabankBoost TargetC$1.25 ➝ C$1.50
12/13/2019Raymond JamesSet TargetOutperformC$1.50
11/6/2019Raymond JamesReiterated RatingOutperformC$1.50
10/15/2019CIBCLower TargetC$1.75 ➝ C$1.50
8/13/2019TD SecuritiesBoost TargetBuyC$1.65 ➝ C$1.75
8/13/2019Raymond JamesReiterated RatingOutperformC$1.75
7/18/2019CIBCLower TargetC$2.25 ➝ C$1.75
7/11/2019Raymond JamesLower TargetC$2.00 ➝ C$1.75
6/28/2019GMP SecuritiesLower TargetC$1.95 ➝ C$1.75
6/25/2019National Bank FinancialLower TargetOutperformC$2.25 ➝ C$1.75
5/13/2019GMP SecuritiesBoost TargetC$1.90 ➝ C$1.95
5/9/2019Raymond JamesBoost TargetOutperformC$1.75 ➝ C$2.00
5/9/2019TD SecuritiesBoost TargetBuyC$1.70 ➝ C$2.00
5/8/2019National Bank FinancialSet TargetOutperformC$2.25
3/14/2019Raymond JamesLower TargetOutperformC$2.50 ➝ C$1.75
3/14/2019TD SecuritiesLower TargetBuyC$1.95 ➝ C$1.70
1/15/2019CormarkLower TargetC$4.00 ➝ C$3.25
1/15/2019TD SecuritiesLower TargetBuyC$2.00 ➝ C$1.95
1/15/2019Raymond JamesReiterated RatingOutperformC$2.50
1/14/2019LaurentianLower TargetC$2.25 ➝ C$2.00
1/14/2019National Bank FinancialLower TargetOutperformC$2.50 ➝ C$2.25
1/8/2019Royal Bank of CanadaLower TargetC$3.00 ➝ C$2.50
12/13/2018GMP SecuritiesDowngradeBuy ➝ HoldC$3.00 ➝ C$1.85
12/10/2018National Bank FinancialLower TargetOutperformC$4.00 ➝ C$2.50
11/22/2018CIBCLower TargetC$3.00 ➝ C$2.50
10/30/2018BMO Capital MarketsLower TargetOutperformC$3.50 ➝ C$3.00
10/26/2018CIBCBoost TargetC$2.75 ➝ C$3.00
10/26/2018TD SecuritiesLower TargetBuyC$3.50 ➝ C$3.00
10/26/2018National Bank FinancialUpgradeUnderperform ➝ OutperformC$4.00
10/9/2018CormarkBoost TargetC$4.00 ➝ C$4.50
9/21/2018Industrial Alliance SecuritiesReiterated RatingBuyC$4.00
9/7/2018Raymond JamesBoost TargetOutperformC$3.25 ➝ C$3.50
9/7/2018TD SecuritiesBoost TargetBuyC$3.25 ➝ C$3.50
7/20/2018CIBCBoost TargetC$2.75 ➝ C$3.00
7/9/2018Raymond JamesReiterated RatingOutperformC$3.25
5/16/2018BMO Capital MarketsBoost TargetC$3.00 ➝ C$3.25
5/16/2018CIBCBoost TargetC$2.25 ➝ C$2.75
5/16/2018National Bank FinancialBoost TargetOutperformC$3.00 ➝ C$3.25
5/9/2018BMO Capital MarketsBoost TargetOutperformC$2.25 ➝ C$3.00
5/9/2018GMP SecuritiesBoost TargetC$3.00 ➝ C$3.50
(Data available from 4/1/2018 forward)

News Sentiment Rating

1.10 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

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Skip to Current Sentiment Summary
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Current Sentiment

  • 4 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Surge Energy logo
Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan. It holds an average working interest of approximately 84% in approximately 123,884 net developed acres and approximately 83% in approximately 68,031 net undeveloped acres in Greater Sawn area; approximately 70% in approximately 22,920 net developed acres and approximately 72% in approximately 10,680 net undeveloped acres in Valhalla area; and approximately 90 % in approximately 59,655 net developed acres and 98% in approximately 47,398 net undeveloped acres in Sparky area. As of December 31, 2021, it held interests in 362 net oil and 20 net gas wells in Greater Sawn area; 100 net oil and 9 net gas wells in Valhalla area; 424 net oil and 6 net gas wells in Sparky area; and 185 net oil wells, as well as an average working interest of approximately 100% in approximately 24,249 net developed acres and 12,021 net undeveloped acres in the Shaunavon properties. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc. in June 2010. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada.
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Today's Range

Now: C$8.79
Low: C$8.79
High: C$8.96

50 Day Range

MA: C$8.96
Low: C$7.88
High: C$9.76

52 Week Range

Now: C$8.79
Low: C$7.15
High: C$13.68


299,349 shs

Average Volume

674,626 shs

Market Capitalization

C$864.32 million

P/E Ratio


Dividend Yield




Frequently Asked Questions

What sell-side analysts currently cover shares of Surge Energy?

The following Wall Street analysts have issued reports on Surge Energy in the last twelve months: ATB Capital, Canaccord Genuity Group Inc., Cormark, National Bankshares, Inc., Raymond James, Stifel Firstegy, and Stifel Nicolaus.
View the latest analyst ratings for SGY.

What is the current price target for Surge Energy?

6 Wall Street analysts have set twelve-month price targets for Surge Energy in the last year. Their average twelve-month price target is C$14.04, suggesting a possible upside of 59.7%. Cormark has the highest price target set, predicting SGY will reach C$15.50 in the next twelve months. Stifel Nicolaus has the lowest price target set, forecasting a price of C$12.00 for Surge Energy in the next year.
View the latest price targets for SGY.

What is the current consensus analyst rating for Surge Energy?

Surge Energy currently has 5 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe SGY will outperform the market and that investors should add to their positions of Surge Energy.
View the latest ratings for SGY.

What other companies compete with Surge Energy?

How do I contact Surge Energy's investor relations team?

Surge Energy's physical mailing address is 2100, 635, 8th Ave. SW, CALGARY, AB T2P 3M3, Canada. The company's listed phone number is +1-403-9301010. The official website for Surge Energy is Learn More about contacing Surge Energy investor relations.