Surge Energy Inc (SGY) Director Buys C$25,000.00 in Stock

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Surge Energy Inc (TSE:SGY) Director Paul Colborne bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were purchased at an average cost of C$2.50 per share, for a total transaction of C$25,000.00.

Paul Colborne also recently made the following trade(s):

  • On Monday, October 1st, Paul Colborne bought 10,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.65 per share, for a total transaction of C$26,500.00.
  • On Tuesday, September 25th, Paul Colborne bought 10,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.69 per share, for a total transaction of C$26,900.00.
  • On Friday, September 21st, Paul Colborne bought 10,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.49 per share, for a total transaction of C$24,900.00.
  • On Monday, September 17th, Paul Colborne acquired 2,420 shares of Surge Energy stock. The shares were bought at an average cost of C$2.46 per share, for a total transaction of C$5,953.20.
  • On Friday, September 7th, Paul Colborne acquired 25,000 shares of Surge Energy stock. The shares were bought at an average cost of C$2.28 per share, for a total transaction of C$57,000.00.
  • On Thursday, July 19th, Paul Colborne acquired 25,000 shares of Surge Energy stock. The shares were bought at an average cost of C$2.47 per share, for a total transaction of C$61,750.00.
  • On Monday, July 16th, Paul Colborne acquired 411 shares of Surge Energy stock. The shares were bought at an average cost of C$2.48 per share, for a total transaction of C$1,019.28.
  • On Thursday, June 28th, Paul Colborne acquired 15,000 shares of Surge Energy stock. The shares were bought at an average cost of C$2.33 per share, for a total transaction of C$34,950.00.
  • On Tuesday, June 26th, Paul Colborne acquired 25,000 shares of Surge Energy stock. The shares were bought at an average cost of C$2.31 per share, for a total transaction of C$57,750.00.

SGY stock opened at C$2.47 on Friday. Surge Energy Inc has a fifty-two week low of C$1.58 and a fifty-two week high of C$2.76.

Surge Energy (TSE:SGY) last posted its quarterly earnings data on Wednesday, August 8th. The company reported C$0.01 earnings per share for the quarter. Surge Energy had a negative net margin of 18.21% and a negative return on equity of 4.16%. The firm had revenue of C$87.09 million during the quarter.

The business also recently disclosed a monthly dividend, which was paid on Monday, September 17th. Investors of record on Monday, September 17th were given a $0.0083 dividend. This represents a $0.10 annualized dividend and a yield of 4.03%. The ex-dividend date was Thursday, August 30th. This is a boost from Surge Energy’s previous monthly dividend of $0.01.

A number of equities research analysts have weighed in on the company. Raymond James lifted their price objective on Surge Energy from C$3.25 to C$3.50 and gave the company an “outperform” rating in a report on Friday, September 7th. Cormark lifted their price objective on Surge Energy from C$4.00 to C$4.50 in a report on Tuesday, October 9th. TD Securities lifted their target price on shares of Surge Energy from C$3.25 to C$3.50 and gave the company a “buy” rating in a research note on Friday, September 7th. CIBC lifted their target price on shares of Surge Energy from C$2.75 to C$3.00 in a research note on Friday, July 20th. Finally, Industrial Alliance Securities reiterated a “buy” rating and issued a C$4.00 target price on shares of Surge Energy in a research note on Friday, September 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Surge Energy presently has an average rating of “Buy” and an average price target of C$3.41.

About Surge Energy

Surge Energy Inc engages in the exploration, development, and production of oil and gas properties in western Canada. The company holds interests in the Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta; the Nipisi property located to the north of the town of Slave Lake, in northwestern Alberta; and the Nevis property located to the east of Red Deer, Alberta.

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Insider Buying and Selling by Quarter for Surge Energy (TSE:SGY)

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