Buy, Sell or Hold: Surge Energy Inc (SGY-T) — Stock Predictions at Stockchase

TSE:SGY

9.11

0.39 (4.11%) 1d

Showing 1 to 15 of 229 entries

HOLD

One of the few small cap energy stocks that doesn't own (hard to buy meaningful positions). Inexpensive stock that is trading at 1.8x cash flow and 35% free cash flow yield. Expecting company to be debt free this time next year. Hold shares if already own them.

oil / gas

BUY on WEAKNESS

Working on cleaning up balance sheet. Potentially in the $20s in the next couple of years. 5-year price target of $40. Still a long way to go. Buy on weakness. Free cashflows at today's commodity prices will be spectacular, and this will attract investor attention.

oil / gas

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The results were positive. Production was up 22%. Cash flow more than doubled on a per share basis. The dividend should be reinstated this year. Results were ahead of estimates and the stock has taken off. Unlock Premium - Try 5i Free

oil / gas

BUY

Believes company has room to grow. Owns company shares. At $100 oil, company is very under valued.

oil / gas

BUY

Looks quite strong. Valuation attractive. Should be able to capitalize on their acquisitions. On his radar. He owns BIR and AAV.

oil / gas

DON'T BUY

Has gone through a couple iterations. Paid down debt through selling assets. If the company cannot return meaningful capital back, there is no catalyst. It is not attractive enough for him.

oil / gas

DON'T BUY

Consolidation of the small and mid-cap names is an important theme. There are better names to own in the space.

oil / gas

COMMENT

There were developments where activists are pressuring banks to no longer lend to energy companies. However, energy is one way for the country to get out of the debt problem and in his opinion this is even more reason to be bullish.

oil / gas

DON'T BUY

Right now, you want to focus on oil over gas, and in the small to mid cap space. He's always struggled with owning this. Highly leveraged. There are better opportunities. It's going to be a laggard. For now, you want to be in name brand companies.

oil / gas

PAST TOP PICK

(A Top Pick Jun 20/19, Down 66%) Of course, have been impacted by oil prices. They continue to pay down debt. Q2 and Q3 will have lower cash flows. It's been beat up and have a slight bounce from the low. He'll buy in Q4 during tax-loss selling. Nothing to move this stock up in the near term, though. It could fall below 30 cents in the next few quarters. Likes the company and its assets.

oil / gas

PAST TOP PICK

(A Top Pick May 24/19, Down 76%) They are producing 20,000 bpd -- 86% oil. The key issue is the balance sheet. They have been paying down debt, but took a large impairment loss that dropped their equity by $591 million. This has left them in a high debt to equity position. They have cut the dividend. He has lowered their target and won't buy more until they knock the debt down substantially. They have shut-in production of 4400 boepd, that is currently uneconomic. His target is $1 per share by Q4.

oil / gas

DON'T BUY

This is a never ever buy for him. They require $48 to keep production flat and pay the dividend. He prefers others.

oil / gas

PAST TOP PICK

(A Top Pick Feb 28/19, Down 23%) The company has come down, but he will continue to hold and will add to his position.

oil / gas

TOP PICK

He likes their dividend model. They are 85% liquids. He thinks they could increase the dividend come 2021. It trades at 2 times cash flow currently. His target is $2.41 per share. Yield 9.62% (Analysts’ price target is $1.58)

oil / gas

SELL

There are other positions where he is more comfortable with management, the assets and the payout ratio. He prefers others. Buy TOG-T or WCP-T in tax loss selling.

oil / gas

Showing 1 to 15 of 229 entries

Surge Energy Inc(SGY-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 4

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 6

Stockchase rating for Surge Energy Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Surge Energy Inc(SGY-T) Frequently Asked Questions

What is Surge Energy Inc stock symbol?

Surge Energy Inc is a Canadian stock, trading under the symbol SGY-T on the Toronto Stock Exchange (SGY-CT). It is usually referred to as TSX:SGY or SGY-T

Is Surge Energy Inc a buy or a sell?

In the last year, 6 stock analysts published opinions about SGY-T. 4 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Surge Energy Inc.

Is Surge Energy Inc a good investment or a top pick?

Surge Energy Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Surge Energy Inc.

Why is Surge Energy Inc stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Surge Energy Inc worth watching?

6 stock analysts on Stockchase covered Surge Energy Inc In the last year. It is a trending stock that is worth watching.

What is Surge Energy Inc stock price?

On 2022-06-30, Surge Energy Inc (SGY-T) stock closed at a price of $9.11.

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