Surge Energy Stock Forecast

Stock Price Forecast

According to 9 analysts polled by S&P Global, Surge Energy stock has a consensus rating of "Strong Buy" and an average price target of $13.36. The average 1-year stock price forecast is 39.17% higher than the current stock price, while the lowest is $12.00 (+25.00%) and the highest is $14.50 (+51.04%).

Price Target: $13.36 (+39.17%)

Analyst Consensus: Strong Buy

Target	Low	Average	Median	High
Price	$12.00	$13.36	$13.00	$14.50
Change	+25.00%	+39.17%	+35.42%	+51.04%

Analyst Ratings

The average analyst rating for Surge Energy stock is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	7	6	6	6	6	6
Buy	1	2	2	3	3	3
Hold	1	1	1	0	0	0
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	9	9	9	9	9	9

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jamie Somerville Roth MKM	Roth MKM	Buy Maintains $9.00 → $12.00	Buy	Maintains	$9.00 → $12.00	+25.00%	Jun 3, 2026
Jeremy Mccrea BMO Capital	BMO Capital	Buy Maintains $12.00 → $13.00	Buy	Maintains	$12.00 → $13.00	+35.42%	Jun 2, 2026
Luke Davis Raymond James	Raymond James	Buy Upgrades $9.00 → $11.00	Buy	Upgrades	$9.00 → $11.00	+14.58%	Mar 30, 2026
Amir Arif ATB Cormark Capital Markets	ATB Cormark Capital Markets	Buy Maintains $9.75	Buy	Maintains	$9.75	+1.56%	Feb 26, 2026

Financial Forecast

Revenue This Year

714.50M

from 480.72M

48.63%

from 480.72M

Revenue Next Year

641.00M

from 714.50M

-10.29%

from 714.50M

EPS This Year

3.32

from -

EPS Next Year

n/a

from 3.32

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	356.17M	606.92M	558.64M	545.38M	480.72M	714.50M
Revenue Growth	86.16%	70.40%	-7.95%	-2.38%	-11.86%	48.63%
Operating Income	334.05M	192.62M	56.19M	17.64M	83.70M	323.00M
Net Income	407.61M	231.72M	15.75M	-53.72M	40.26M	77.19M
EPS	-	-	-	-	-	3.32
Dividend / Share	-	0.25	0.48	0.50	0.52	0.52
Dividend Growth	-	-	95.92%	4.10%	4.07%	-0.32%
Free Cash Flow	-92.97M	78.39M	88.52M	104.09M	82.11M	147.66M
FFO	-	-	-	-	-	358.00M
FFO / Share	-	-	-	-	-	3.56
P/FFO	-	-	-	-	-	2.70
No. Analysts	-	-	-	-	-	2

EPS based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027	2028
High	741.0M
Avg	714.5M
Low	688.0M

Revenue Growth

Revenue Growth	2026	2027	2028
High	54.1%
Avg	48.6%
Low	43.1%

EPS Forecast

EPS	2026	2027	2028
High	3.32
Avg	3.32
Low	3.32

EPS Growth

EPS Growth	2026	2027	2028
High	510.6%
Avg	510.6%
Low	510.6%