Surge Energy Inc. (TSE:SGY – Get Free Report) Director Allison Michelle Maher sold 9,878 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$10.49, for a total value of C$103,620.22. Following the sale, the director owned 18,725 shares in the company, valued at approximately C$196,425.25. This trade represents a 34.53% decrease in their position.
Allison Michelle Maher also recently made the following trade(s):
- On Thursday, March 12th, Allison Michelle Maher sold 8,999 shares of Surge Energy stock. The stock was sold at an average price of C$8.56, for a total value of C$77,031.44.
Surge Energy Trading Up 3.3%
TSE:SGY opened at C$10.35 on Wednesday. The stock has a 50-day simple moving average of C$9.37 and a 200-day simple moving average of C$8.09. The stock has a market cap of C$1.04 billion, a P/E ratio of 147.86, a P/E/G ratio of 0.59 and a beta of -0.12. Surge Energy Inc. has a 1 year low of C$5.35 and a 1 year high of C$10.62. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.40 and a current ratio of 0.58.
Surge Energy Dividend Announcement
The firm also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were given a dividend of $0.0433 per share. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Thursday, April 30th. Surge Energy’s dividend payout ratio is currently 742.85%.
Analysts Set New Price Targets
SGY has been the subject of several analyst reports. National Bank Financial upped their price objective on 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 upped their target price on Surge Energy from C$12.00 to C$13.00 and gave the company a “buy” rating in a research report on Tuesday. ATB Cormark Capital Markets upped their target price on Surge Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday. Acumen Capital upped their target price on Surge Energy from C$13.25 to C$13.75 and gave the company a “buy” rating in a research report on Tuesday. Finally, Raymond James Financial upped their target price on Surge Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, Surge Energy has a consensus rating of “Buy” and a consensus price target of C$12.46.
Read Our Latest Analysis on SGY
About Surge Energy
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.
Featured Stories
- Five stocks we like better than Surge Energy
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Receive News & Ratings for Surge Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Surge Energy and related companies with MarketBeat.com's FREE daily email newsletter.
