Surge Energy (TSE:SGY) Insider Sells C$149,100.00 in Stock

Surge Energy Inc. (TSE:SGY) insider Margaret Ann Elekes sold 14,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of C$10.65, for a total value of C$149,100.00. Following the completion of the transaction, the insider owned 100,921 shares in the company, valued at approximately C$1,074,808.65. This trade represents a 12.18% decrease in their position.

Margaret Ann Elekes also recently made the following trade(s):

• On Friday, May 15th, Margaret Ann Elekes sold 25,000 shares of Surge Energy stock. The stock was sold at an average price of C$10.05, for a total transaction of C$251,250.00.

Surge Energy Trading Down 4.2%

TSE SGY opened at C$10.07 on Friday. The company has a debt-to-equity ratio of 34.75, a current ratio of 0.58 and a quick ratio of 0.40. Surge Energy Inc. has a 12 month low of C$5.53 and a 12 month high of C$10.65. The company’s fifty day moving average price is C$9.50 and its two-hundred day moving average price is C$8.18. The company has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 143.86, a price-to-earnings-growth ratio of 0.59 and a beta of -0.42.

Surge Energy (TSE:SGY) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C($0.25) earnings per share for the quarter. The firm 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 firm also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a $0.0433 dividend. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 5.2%. Surge Energy’s payout ratio is 742.85%.

Wall Street Analysts Forecast Growth

SGY has been the subject of several recent research reports. National Bank Financial upped their price target on shares of Surge Energy from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group increased their target price on shares of Surge Energy from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Tuesday. Acumen Capital raised their price objective 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. Raymond James Financial lifted their target price 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. Finally, ATB Cormark Capital Markets upped their price objective on shares of Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the company 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.