Surge Energy Inc (TSE:SGY) Director Paul Colborne purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were purchased at an average price of C$2.09 per share, for a total transaction of C$10,450.00.
Paul Colborne also recently made the following trade(s):
- On Thursday, January 18th, Paul Colborne acquired 5,000 shares of Surge Energy stock. The stock was bought at an average price of C$2.14 per share, for a total transaction of C$10,700.00.
- On Monday, December 18th, Paul Colborne acquired 2,086 shares of Surge Energy stock. The stock was bought at an average price of C$1.92 per share, for a total transaction of C$4,005.12.
- On Wednesday, November 15th, Paul Colborne acquired 1,790 shares of Surge Energy stock. The stock was bought at an average price of C$2.23 per share, for a total transaction of C$3,991.70.
Surge Energy Inc (TSE SGY) remained flat at $C$2.09 during mid-day trading on Friday. 240,539 shares of the company traded hands, compared to its average volume of 1,107,452. Surge Energy Inc has a 12 month low of C$1.90 and a 12 month high of C$3.27. The company has a market capitalization of $489.13, a P/E ratio of -52.25 and a beta of 0.26.
The firm also recently declared a monthly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 15th will be given a dividend of $0.0079 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.09 dividend on an annualized basis and a yield of 4.54%. Surge Energy’s dividend payout ratio (DPR) is presently -214.58%.
Several research firms have recently weighed in on SGY. National Bank Financial lowered their price objective on Surge Energy from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a research note on Friday, October 13th. Scotiabank upped their price objective on Surge Energy from C$2.50 to C$2.70 and gave the company a “sector perform” rating in a research note on Thursday, November 16th. CIBC upped their price objective on Surge Energy from C$2.25 to C$2.50 in a research note on Thursday, November 16th. Finally, Eight Capital lowered Surge Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from C$2.90 to C$2.60 in a research note on Friday, October 27th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$2.97.
About Surge Energy
Surge Energy Inc is a Canada-based exploration and production company (E&P). The Company is positioned to provide shareholders with long term sustainability by exploiting its assets in a financially disciplined manner and by acquiring additional long life oil and gas assets of a similar nature. Its assets are comprised primarily of operated oil-weighted properties characterized by a promising original oil-in-place (OOIP) crude oil reservoirs with low recovery factors and an inventory of around 700 gross low risk development drilling locations and several water flood projects.
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