Margaret Ann Elekes Sells 14,000 Shares of Surge Energy (TSE:SGY) Stock

Surge Energy Inc. (TSE:SGY) insider Margaret Ann Elekes sold 14,000 shares of the business’s stock in a transaction on 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 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 ownership of the stock.

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 value of C$251,250.00.

Surge Energy Stock Up 1.0%

Shares of SGY stock opened at C$10.51 on Friday. Surge Energy Inc. has a 1-year low of C$5.45 and a 1-year high of C$10.65. The stock’s fifty day moving average price is C$9.47 and its 200 day moving average price is C$8.16. The company has a debt-to-equity ratio of 34.75, a current ratio of 0.58 and a quick ratio of 0.40. The company has a market cap of C$1.05 billion, a price-to-earnings ratio of 150.14, a price-to-earnings-growth ratio of 0.59 and a beta of -0.42.

Surge Energy (TSE:SGY) last announced its earnings results on Wednesday, May 6th. The company reported C($0.25) earnings per share 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

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 15th were paid a dividend of $0.0433 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date was Thursday, April 30th. Surge Energy’s payout ratio is 742.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SGY shares. Canaccord Genuity Group boosted their target price on Surge Energy from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Tuesday. ATB Cormark Capital Markets boosted their target price on Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday. Acumen Capital boosted their target price on Surge Energy from C$13.25 to C$13.75 and gave the stock a “buy” rating in a research note on Tuesday. National Bank Financial boosted their target price on Surge Energy from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Raymond James Financial lifted their price target on Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Surge Energy currently has a consensus rating of “Buy” and a consensus price target 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.