Surge Energy (TSE:SGY) Insider Jared Ducs Sells 27,601 Shares of Stock

Surge Energy Inc. (TSE:SGY) insider Jared Ducs sold 27,601 shares of Surge Energy stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$10.57, for a total transaction of C$291,742.57. Following the sale, the insider owned 118,847 shares in the company, valued at approximately C$1,256,212.79. This trade represents a 18.85% decrease in their ownership of the stock.

Jared Ducs also recently made the following trade(s):

• On Monday, March 30th, Jared Ducs sold 5,125 shares of Surge Energy stock. The stock was sold at an average price of C$9.39, for a total transaction of C$48,123.75.

Surge Energy Stock Up 0.6%

Shares of SGY opened at C$10.41 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.58 and a debt-to-equity ratio of 34.75. The company has a 50-day moving average price of C$9.44 and a two-hundred day moving average price of C$8.14. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of 148.71, a P/E/G ratio of 0.59 and a beta of -0.42. Surge Energy Inc. has a 12 month low of C$5.42 and a 12 month high of C$10.65.

Surge Energy (TSE:SGY) last released its quarterly earnings data on Wednesday, May 6th. The company reported C($0.25) earnings per share for the quarter. The company had revenue of C$75.00 million during the quarter. Surge Energy had a net margin of 1.39% and a return on equity of 1.01%.

Surge Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.0433 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 5.0%. Surge Energy’s dividend payout ratio (DPR) is presently 742.85%.

Analyst Ratings Changes

SGY has been the subject of a number of recent analyst reports. Raymond James Financial raised their price target on Surge Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a report on Tuesday. Canaccord Genuity Group lifted their price target on Surge Energy from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Tuesday. National Bank Financial increased their price objective on shares of Surge Energy from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a report on Tuesday. Acumen Capital boosted their target price on shares of Surge Energy from C$13.25 to C$13.75 and gave the stock a “buy” rating in a research note on Tuesday. Finally, ATB Cormark Capital Markets increased their price target on shares of Surge Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$12.46.

Surge Energy Company Profile

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.