Key Points
- Insider sale: Jared Ducs sold 5,125 shares on March 30 at an average price of C$9.39 for ~C$48,124, reducing his holding by 3.87% to 127,356 shares (≈C$1.20M).
- Share performance and metrics: Shares jumped about 4.9% to open at C$9.38, trading near a 12‑month high (C$9.48) with a market cap of C$927M, P/E 23.45 and 50/200‑day SMAs of C$7.98/C$7.32.
- Analyst action: Raymond James upgraded Surge to "outperform" and lifted its price target to C$11; the consensus rating is "Buy" with a consensus target of C$9.75.
Surge Energy Inc. (TSE:SGY - Get Free Report) insider Jared Ducs sold 5,125 shares of the business's stock in a transaction on Monday, March 30th. The stock was sold at an average price of C$9.39, for a total value of C$48,123.75. Following the sale, the insider owned 127,356 shares of the company's stock, valued at approximately C$1,195,872.84. The trade was a 3.87% decrease in their position.
Surge Energy Trading Up 4.9%
Shares of SGY opened at C$9.38 on Tuesday. The stock's fifty day simple moving average is C$7.98 and its 200-day simple moving average is C$7.32. The firm has a market capitalization of C$927.13 million, a PE ratio of 23.45, a price-to-earnings-growth ratio of 0.59 and a beta of 0.14. Surge Energy Inc. has a 12-month low of C$4.37 and a 12-month high of C$9.48. The company has a quick ratio of 0.40, a current ratio of 0.78 and a debt-to-equity ratio of 33.64.
Surge Energy (TSE:SGY - Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.55 EPS for the quarter. The firm 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%.
Analyst Upgrades and Downgrades
Separately, Raymond James Financial raised shares of Surge Energy from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from C$9.00 to C$11.00 in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$9.75.
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About Surge Energy
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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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