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.
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.
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