Key Points
- Insider Murray Bye sold 20,000 Surge Energy shares on March 31 at C$9.64 each (C$192,800), cutting his ownership by 40.40% to 29,506 shares (≈C$284,438).
- Raymond James upgraded the stock from "hold" to "moderate buy" and raised its target to C$11, while the MarketBeat consensus rating is "Buy" with a C$9.75 target.
- Surge Energy has a market cap of C$929.1M, a P/E of 23.5, and reported quarterly EPS of C$0.55 on C$111.4M revenue, trading in a 12‑month range of C$4.37–C$9.70.
Surge Energy Inc. (TSE:SGY - Get Free Report) insider Murray Bye sold 20,000 shares of the stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of C$9.64, for a total value of C$192,800.00. Following the transaction, the insider owned 29,506 shares of the company's stock, valued at approximately C$284,437.84. This represents a 40.40% decrease in their ownership of the stock.
Surge Energy Stock Up 0.2%
Shares of TSE:SGY opened at C$9.40 on Wednesday. The company has a market capitalization of C$929.11 million, a price-to-earnings ratio of 23.50, a PEG 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$9.70. The business has a 50-day moving average price of C$8.03 and a 200 day moving average price of C$7.34. The company has a current ratio of 0.78, a quick ratio of 0.40 and a debt-to-equity ratio of 33.64.
Surge Energy (TSE:SGY - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C$0.55 EPS for the quarter. The company had revenue of C$111.40 million for the quarter. Surge Energy had a net margin of 7.21% and a return on equity of 5.47%.
Analysts Set New Price Targets
Separately, Raymond James Financial upgraded shares of Surge Energy from a "hold" rating to a "moderate buy" rating and upped their price objective for the stock from C$9.00 to C$11.00 in a report on Monday. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company's stock. According to data from MarketBeat.com, Surge Energy has a consensus rating of "Buy" and a consensus target price of C$9.75.
Check Out 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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