Surge Energy Stock Today

SGY Stock  CAD 5.70  0.01  0.18%   

Performance

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Odds Of Distress

Less than 41

 
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Surge Energy is selling at 5.70 as of the 30th of November 2024; that is 0.18% down since the beginning of the trading day. The stock's open price was 5.71. Surge Energy has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Surge Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain
Energy
Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. Surge Energy Inc. was incorporated in 1998 and is headquartered in Calgary, Canada. SURGE ENERGY operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. The company has 101.1 M outstanding shares of which 1.79 M shares are at this time shorted by private and institutional investors with about 2.42 days to cover all short positions. More on Surge Energy

Moving against Surge Stock

  0.48ENS E Split CorpPairCorr
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  0.35ENB-PFV Enbridge Pref 5PairCorr

Surge Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Surge Energy's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Surge Energy or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOPaul Colborne
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
Surge Energy's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Surge Energy's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Surge Energy can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Surge Energy's financial leverage. It provides some insight into what part of Surge Energy's total assets is financed by creditors.
Liquidity
Surge Energy cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Surge Energy has accumulated 282.18 M in total debt with debt to equity ratio (D/E) of 0.51, which is about average as compared to similar companies. Surge Energy has a current ratio of 0.38, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Surge Energy until it has trouble settling it off, either with new capital or with free cash flow. So, Surge Energy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Surge Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Surge to invest in growth at high rates of return. When we think about Surge Energy's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

279.45 Million
Surge Energy (SGY) is traded on Toronto Exchange in Canada and employs 93 people. Surge Energy is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 576.28 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Surge Energy's market, we take the total number of its shares issued and multiply it by Surge Energy's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Surge Energy operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 101.1 M outstanding shares of which 1.79 M shares are at this time shorted by private and institutional investors with about 2.42 days to cover all short positions. Surge Energy has accumulated about 0 in cash with 266.14 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.26.
Check Surge Energy Probability Of Bankruptcy
Ownership Allocation
Surge Energy shows a total of 101.1 Million outstanding shares. About 92.62 % of Surge Energy outstanding shares are held by general public with 1.98 (%) owned by insiders and only 5.4 % by institutional holders. Please note that no matter how many assets the company owns, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Surge Ownership Details

Surge Energy Risk Profiles

Although Surge Energy's alpha and beta are two of the key measurements used to evaluate Surge Energy's performance over the market, the standard measures of volatility play an important role as well.

Surge Stock Against Markets

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Surge Energy Corporate Executives

Elected by the shareholders, the Surge Energy's board of directors comprises two types of representatives: Surge Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Surge. The board's role is to monitor Surge Energy's management team and ensure that shareholders' interests are well served. Surge Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Surge Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
Murray ByeChief Operating OfficerProfile

Other Information on Investing in Surge Stock

Surge Energy financial ratios help investors to determine whether Surge Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Surge with respect to the benefits of owning Surge Energy security.