Surge Energy Inc (SGY) Director Paul Colborne Acquires 10,000 Shares

Surge Energy Inc (TSE:SGY) Director Paul Colborne acquired 10,000 shares of Surge Energy stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average cost of C$1.95 per share, for a total transaction of C$19,500.00.

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

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  • On Monday, February 26th, Paul Colborne acquired 5,000 shares of Surge Energy stock. The stock was acquired at an average cost of C$2.01 per share, for a total transaction of C$10,050.00.
  • On Friday, February 23rd, Paul Colborne acquired 5,000 shares of Surge Energy stock. The stock was acquired at an average cost of C$1.95 per share, for a total transaction of C$9,750.00.
  • On Tuesday, February 20th, Paul Colborne acquired 5,000 shares of Surge Energy stock. The stock was acquired at an average cost of C$1.89 per share, for a total transaction of C$9,450.00.
  • On Thursday, February 15th, Paul Colborne acquired 5,000 shares of Surge Energy stock. The stock was acquired at an average cost of C$1.84 per share, for a total transaction of C$9,200.00.
  • On Tuesday, January 30th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.00 per share, for a total transaction of C$10,000.00.
  • On Wednesday, January 24th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.14 per share, for a total transaction of C$10,700.00.
  • On Friday, January 26th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.09 per share, for a total transaction of C$10,450.00.
  • On Tuesday, January 16th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.09 per share, for a total transaction of C$10,450.00.
  • On Thursday, January 18th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.14 per share, for a total transaction of C$10,700.00.
  • On Monday, December 18th, Paul Colborne purchased 2,086 shares of Surge Energy stock. The shares were purchased at an average cost of C$1.92 per share, for a total transaction of C$4,005.12.

Shares of Surge Energy Inc (SGY) traded up C$0.09 during mid-day trading on Friday, hitting C$1.92. The stock had a trading volume of 840,000 shares, compared to its average volume of 823,416. Surge Energy Inc has a 12-month low of C$1.58 and a 12-month high of C$2.91. The firm has a market capitalization of $426.37, a price-to-earnings ratio of -48.00 and a beta of 0.48.

The company also recently declared a monthly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.0079 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date of this dividend was Tuesday, February 27th. Surge Energy’s payout ratio is -214.58%.

Separately, TD Securities cut their price target on Surge Energy from C$3.25 to C$3.00 in a research note on Wednesday, February 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$2.84.

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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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