Allison Michelle Maher Sells 9,878 Shares of Surge Energy (TSE:SGY) Stock

Surge Energy Inc. (TSE:SGY) Director Allison Michelle Maher sold 9,878 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$10.49, for a total transaction of C$103,620.22. Following the transaction, the director owned 18,725 shares in the company, valued at C$196,425.25. This represents a 34.53% decrease in their position.

Allison Michelle Maher also recently made the following trade(s):

• On Thursday, March 12th, Allison Michelle Maher sold 8,999 shares of Surge Energy stock. The shares were sold at an average price of C$8.56, for a total transaction of C$77,031.44.

Surge Energy Price Performance

TSE SGY opened at C$10.41 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.40 and a debt-to-equity ratio of 34.75. The company has a fifty day simple moving average of C$9.44 and a 200 day simple moving average of C$8.14. The company has a market cap of C$1.04 billion, a P/E ratio of 148.71, a P/E/G ratio of 0.59 and a beta of -0.42. Surge Energy Inc. has a 1 year low of C$5.42 and a 1 year high of C$10.65.

Surge Energy (TSE:SGY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.25) earnings per share (EPS) for the quarter. The firm had revenue of C$75.00 million for the quarter. Surge Energy had a return on equity of 1.01% and a net margin of 1.39%.

Surge Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

SGY has been the subject of several recent analyst reports. ATB Cormark Capital Markets upped their price objective on shares of Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday. National Bank Financial upped their price objective on shares of Surge Energy from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a report on Tuesday. Acumen Capital upped their price objective on shares of Surge Energy from C$13.25 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday. Raymond James Financial upped their price objective on shares of Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity Group upped their price objective on shares of Surge Energy from C$12.00 to C$13.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$12.46.

About Surge Energy

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.