TSX · Oil & Gas E&P · CAD

Surge Energy Inc. (SGY.TO) Stock Analysis

Surge Energy Inc. (SGY.TO) is a Oil & Gas E&P stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

SGY.TO

CA$12.97

+CA$0.36 (+2.85%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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SGY.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$12.60
Previous Close: CA$12.61
Day's Range: 12.50–13.00
52-Week Range: 6.42–13.00
Volume: 688.46K
Beta: 0.75

Valuation

Market Cap: CA$1.29B
P/E Ratio: 29.48
Forward P/E: 8.11
P/S ratio: 2.41
EPS (ttm): 0.44

Financials (FY)

Revenue (FY): CA$579.49M−12.90%
Net Income (FY): CA$40.26M
Profit margin: 8.39%
Shares Outstanding: 99.19M
1-Year Return: +109.55%

Dividend and dates

Dividend: CA$0.52+4.12%
Ex-Dividend Date: October 30, 2026
Earnings Date: November 4, 2026
Avg Volume: 741.47K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, SGY.TO closed at CA$12.97, +109.55% over 1 year.

Surge Energy Inc. (SGY.TO) has a market capitalization of CA$1.29B.

In fiscal 2025, SGY.TO reported revenue of CA$579.49M.

SGY.TO Stock Return by Calendar Year

Surge Energy Inc. (SGY.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$20,955; +109.55%
5 years: CA$10,000 CA$33,133; +231.33%
10 years: CA$10,000 CA$8,046; −19.54%

If you had invested CA$10,000 in Surge Energy Inc. (SGY.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$8,046 at the close on October 21, 2026: −19.54% in total, −2.15% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−73.14%+112.09%+94.38%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+94.38%
2025	+29.62%
2024	−3.77%
2023	−24.61%
2022	+112.09%
2021	+72.94%
2020	−73.14%
2019	−16.11%
2018	−26.27%
2017	−34.28%
2016 (partial year)	+37.75%

As of October 21, 2026.

SGY.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$579.49M	CA$40.26M	6.9%
2024	CA$665.30M	−CA$53.72M	−8.1%
2023	CA$678.16M	CA$15.75M	2.3%
2022	CA$734.47M	CA$231.72M	31.5%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$579.49M	CA$294.97M	CA$82.89M	CA$40.26M	6.9%
2024	CA$665.30M	CA$356.90M	CA$121.49M	−CA$53.72M	−8.1%
2023	CA$678.16M	CA$361.17M	CA$114.72M	CA$15.75M	2.3%
2022	CA$734.47M	CA$464.61M	CA$268.11M	CA$231.72M	31.5%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

SGY.TO Dividend History

’16’17’18’19’20’22’23’24’25’26*

CA$0.52+3.6% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.34	8	—
2025	CA$0.52	12	+3.6%
2024	CA$0.50	12	+3.8%
2023	CA$0.48	12	+95.9%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.34	8	—
2025	CA$0.52	12	+3.6%
2024	CA$0.50	12	+3.8%
2023	CA$0.48	12	+95.9%
2022	CA$0.25	7	—
2020	CA$0.14	3	−82.3%
2019	CA$0.82	12	+0.0%
2018	CA$0.82	12	+5.5%
2017	CA$0.77	12	+405.6%
2016	CA$0.15	3	—

Most recent payment: CA$0.04 per share, ex-dividend August 31, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

SGY.TO Valuation vs Oil & Gas E&P Median

Median of 116 stocks

Metric	SGY.TO	Oil & Gas E&P median	vs median
P/E	29.48	14.65	101% above
P/S ratio	2.41	2.41	0% below
Profit margin	8.39%	12.09%	3.7 pts below

Medians across 116 Oil & Gas E&P stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values Surge Energy Inc. (SGY.TO) at CA$1.29B. It is classified in the Oil & Gas E&P industry, within the Energy sector. The company reports 86 employees.

The 52-week range on file runs from CA$6.42 to CA$13.00. The most recent close on file for SGY.TO is CA$12.97, dated October 21, 2026. That is +CA$0.36 (+2.85%) against the previous close. The latest close sits 102.02% above that 52-week low.

Financial Health

The most recent full year on file, fiscal 2025, shows revenue of CA$579.49M. That is −12.90% against the prior fiscal year, when revenue was CA$665.30M. The same year closed with net income of CA$40.26M. The reported profit margin is 8.39%. That is 3.7 percentage points below the Oil & Gas E&P median of 12.09%. Trailing earnings per share are 0.44.

Across the 4 fiscal years on file, revenue moves from CA$734.47M in 2022 to CA$579.49M in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 29.48. That is 101.23% above the Oil & Gas E&P median of 14.65. On forward earnings the ratio is 8.11. Measured against sales, the shares trade at 2.41 times revenue. On price-to-sales that is 0.04% below the Oil & Gas E&P median of 2.41. The medians here are taken across 116 Oil & Gas E&P companies that report the metric.

The reported beta is 0.75. Daily returns over the trailing 10 years annualize to a volatility of 58.02%. The trailing one-year total return is +109.55%. Measured over 10 years, that is −2.15% a year compounded.

Growth & Income

SGY.TO pays a dividend yielding 4.12%. That is 0.9 percentage points above the Oil & Gas E&P median yield of 3.27%. The indicated annual rate is CA$0.52 a share. The ex-dividend date on file is October 30, 2026. Dividends are recorded for 10 calendar years; 2026 shows 8 payments totalling CA$0.34 a share. The year before, 2025, totalled CA$0.52 a share.

So far in 2026 the total return is +94.38%. The strongest complete calendar year on file is 2022 at +112.09%; the weakest is 2020 at −73.14%. Of the 9 complete calendar years on file, 3 finished higher.

Peer Comparison

Surge Energy Inc. (SGY.TO) operates in the Oil & Gas E&P industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Surge Energy Inc.	SGY.TO	CA$1.29B	29.5
ConocoPhillips	COP	$175.00B	19.3
Canadian Natural Resources Limited	CNQ	$111.69B	13.3
EOG Resources, Inc.	EOG	$82.81B	12.3

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Oil & Gas E&P industry average P/E ratio is 14.6x. Surge Energy Inc. trades at a P/E of 29.5.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Surge Energy Inc.

Surge Energy Inc. engages in the exploration, development, and production of oil and gas properties in Western Canada. It holds interests in the oil and natural gas producing properties located in Sparky Alberta and Southeast Saskatchewan, as well as in Greater Sawn and Nevis, and Manitoba 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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