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

Surge Energy Inc. (TSE:SGY) insider Margaret Ann Elekes sold 14,000 shares of the 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 C$1,074,808.65. The trade was 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 Trading Up 0.6%

Shares of 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. The firm has a 50-day moving average of C$9.44 and a 200-day moving average of C$8.14. 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 cap of C$1.04 billion, a PE ratio of 148.71, a PEG ratio of 0.59 and a beta of -0.42.

Surge Energy (TSE:SGY) last released its quarterly earnings results on Wednesday, May 6th. The company reported C($0.25) EPS 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 Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 15th were issued a dividend of $0.0433 per share. The ex-dividend date of this dividend was Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 5.0%. Surge Energy’s dividend payout ratio (DPR) is currently 742.85%.

Wall Street Analysts Forecast Growth

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