Mar 7th 2019 Motley FoolHigh-Growth R The oil and gas stock you didn’t know you needed, Surge Energy can compete with some of the better known names in the energy industry on several fronts. For one thing, this hidden gem of the TSX index had a good 2018 in terms of income, with a one-year past earnings growth of 74.6% that beats a positive, if moderate, five-year average growth rate of 9.5%.
A top Canadian stock to buy now to cash in on potential higher oil, the main reasons to get invested in Surge Energy, though, are a high dividend yield of 6.71% coupled with a 120.7% expected annual growth in earnings.
Surge Energy insiders have bought more shares than sold them in the last three months, as they have over the last year. With a healthy balance sheet indicated by a below-threshold debt 37.5% of net worth, undervaluation is indicated by two key metrics – its discount of 39% against the future cash flow value, and a P/B of 0.5 times book.
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