Surge Energy Inc (SGY) Director Paul Colborne Purchases 5,000 Shares

Surge Energy Inc (TSE:SGY) Director Paul Colborne acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were bought at an average cost of C$2.14 per share, for a total transaction of C$10,700.00.

Paul Colborne also recently made the following trade(s):

  • On Tuesday, January 16th, Paul Colborne acquired 5,000 shares of Surge Energy stock. The shares were bought at an average cost of C$2.09 per share, for a total transaction of C$10,450.00.
  • On Monday, December 18th, Paul Colborne bought 2,086 shares of Surge Energy stock. The shares were acquired 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 bought 1,790 shares of Surge Energy stock. The shares were acquired 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 trading on Friday. The stock had a trading volume of 240,539 shares, compared to its average volume of 1,107,452. The company has a market capitalization of $489.13, a PE ratio of -52.25 and a beta of 0.26. Surge Energy Inc has a 52-week low of C$1.90 and a 52-week high of C$3.27.

Surge Energy (TSE:SGY) last posted its earnings results on Tuesday, November 7th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.05). Surge Energy had a negative net margin of 18.21% and a negative return on equity of 4.16%.

The business also recently announced a monthly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Thursday, February 15th will be paid a $0.0079 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 4.54%. Surge Energy’s dividend payout ratio (DPR) is currently -214.58%.

Several equities analysts recently weighed in on SGY shares. CIBC increased their target price on Surge Energy from C$2.25 to C$2.50 in a research report on Thursday, November 16th. Eight Capital downgraded Surge Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from C$2.90 to C$2.60 in a report on Friday, October 27th. National Bank Financial cut their price objective on Surge Energy from C$3.25 to C$3.00 and set an “outperform” rating on the stock in a report on Friday, October 13th. Finally, Scotiabank raised their price objective on Surge Energy from C$2.50 to C$2.70 and gave the stock a “sector perform” rating in a report on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$2.97.

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Surge Energy Company Profile

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.

Insider Buying and Selling by Quarter for Surge Energy (TSE:SGY)

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