Key Points
- Insider sale: Surge Energy insider Margaret Ann Elekes sold 14,000 shares on June 3 at an average price of C$10.65, worth about C$149,100. After the transaction, she still owned 100,921 shares, a 12.18% reduction in her position.
- Recent insider activity and stock context: Elekes also sold 25,000 shares on May 15 at C$10.05, suggesting continued insider selling. Surge Energy’s shares recently traded near C$10.41, close to the 52-week high of C$10.65.
- Analyst sentiment remains positive: Several firms raised their price targets this week, with the consensus rating at Buy and an average target price of C$12.46. The company also pays a monthly dividend yielding about 5.0%.
Surge Energy Inc. (TSE:SGY - Get Free Report) insider Margaret Ann Elekes sold 14,000 shares of the firm's stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$10.65, for a total value of C$149,100.00. Following the completion of the sale, the insider directly owned 100,921 shares in the company, valued at approximately C$1,074,808.65. This represents a 12.18% decrease in their position.
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 Price Performance
Surge Energy stock opened at C$10.41 on Thursday. The company has a debt-to-equity ratio of 34.75, a quick ratio of 0.40 and a current ratio of 0.58. Surge Energy Inc. has a 52 week low of C$5.42 and a 52 week high of C$10.65. The stock has a market capitalization of C$1.04 billion, a P/E ratio of 148.71, a price-to-earnings-growth ratio of 0.59 and a beta of -0.42. The stock has a fifty day moving average of C$9.44 and a 200-day moving average of C$8.14.
Surge Energy (TSE:SGY - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C($0.25) earnings per share for the quarter. Surge Energy had a net margin of 1.39% and a return on equity of 1.01%. The business had revenue of C$75.00 million during the quarter.
Surge Energy Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were paid a $0.0433 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Thursday, April 30th. Surge Energy's dividend payout ratio (DPR) is presently 742.85%.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on the stock. Acumen Capital upped their price objective on shares of Surge Energy from C$13.25 to C$13.75 and gave the stock a "buy" rating in a research report on Tuesday. Canaccord Genuity Group boosted their target price on shares of Surge Energy from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research note on Tuesday. 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. Raymond James Financial increased their price target on Surge Energy from C$12.00 to C$13.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, ATB Cormark Capital Markets raised their price objective on Surge Energy from C$12.00 to C$13.00 and gave the company an "outperform" rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of C$12.46.
Get Our Latest 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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