Key Points
- Director sale: Allison Michelle Maher sold 8,999 Surge Energy (TSE:SGY) shares on March 12 at C$8.56 each for C$77,031.44, cutting her direct ownership by 33.82% to 17,612 shares valued at C$150,758.72.
- Stock and outlook: SGY traded at C$8.56 (down C$0.02) with a market cap of C$846.99M, reported quarterly EPS of C$0.55, and carries a consensus analyst rating of "Buy" with an average target of C$9.08.
Surge Energy Inc. (TSE:SGY - Get Free Report) Director Allison Michelle Maher sold 8,999 shares of the business's stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of C$8.56, for a total value of C$77,031.44. Following the sale, the director directly owned 17,612 shares of the company's stock, valued at C$150,758.72. This represents a 33.82% decrease in their ownership of the stock.
Surge Energy Stock Down 0.2%
Shares of Surge Energy stock traded down C$0.02 on Friday, hitting C$8.56. The company had a trading volume of 1,116,129 shares, compared to its average volume of 948,521. Surge Energy Inc. has a 1 year low of C$4.37 and a 1 year high of C$8.70. The company has a debt-to-equity ratio of 33.64, a quick ratio of 0.40 and a current ratio of 0.78. The stock has a 50 day moving average of C$7.48 and a 200-day moving average of C$7.16. The stock has a market capitalization of C$846.99 million, a price-to-earnings ratio of 21.40, a P/E/G ratio of 0.59 and a beta of 0.14.
Surge Energy (TSE:SGY - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported C$0.55 earnings per share (EPS) for the quarter. The business had revenue of C$111.40 million during the quarter. Surge Energy had a return on equity of 5.47% and a net margin of 7.21%.
Analysts Set New Price Targets
Several research firms have recently issued reports on SGY. Raymond James Financial lowered shares of Surge Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, December 9th. ATB Cormark Capital Markets boosted their price target on shares of Surge Energy from C$8.25 to C$9.75 in a report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Surge Energy presently has a consensus rating of "Buy" and an average target price of C$9.08.
Read Our Latest Stock Analysis on Surge Energy
Surge Energy Company Profile
(
Get Free Report)
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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