Surge Energy Inc. (TSE:SGY – Get Free Report) Director Michelle Gramatke sold 10,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$10.51, for a total transaction of C$105,100.00. Following the transaction, the director owned 26,180 shares in the company, valued at approximately C$275,151.80. The trade was a 27.64% decrease in their position.
Surge Energy Stock Performance
Shares of TSE:SGY traded up C$0.25 on Thursday, reaching C$10.42. 850,669 shares of the company’s stock were exchanged, compared to its average volume of 959,637. The company has a fifty day moving average of C$9.57 and a 200-day moving average of C$8.24. Surge Energy Inc. has a twelve month low of C$5.83 and a twelve month high of C$10.65. The company has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 148.86, a PEG ratio of 0.59 and a beta of -0.42. The company has a current ratio of 0.58, a quick ratio of 0.40 and a debt-to-equity ratio of 34.75.
Surge Energy (TSE:SGY – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C($0.25) earnings per share (EPS) for the quarter. Surge Energy had a return on equity of 1.01% and a net margin of 1.39%.The business had revenue of C$75.00 million for the quarter.
Surge Energy Dividend Announcement
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on SGY shares. Canaccord Genuity Group upped their price target on shares of Surge Energy from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Acumen Capital upped their price target on shares of Surge Energy from C$13.25 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Raymond James Financial upped their price target 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, June 2nd. 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 report on Tuesday, June 2nd. Finally, ATB Cormark Capital Markets upped their price target 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, June 2nd. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat, Surge Energy has an average rating of “Buy” and an average target price of C$12.46.
Read Our Latest Research Report 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.
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