Margaret Ann Elekes Sells 14,000 Shares of Surge Energy (TSE:SGY) Stock

Surge Energy Inc. (TSE:SGY) insider Margaret Ann Elekes sold 14,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of C$10.65, for a total transaction of C$149,100.00. Following the transaction, the insider directly owned 100,921 shares of the company’s stock, valued at approximately C$1,074,808.65. This trade represents a 12.18% decrease in their ownership of the stock.

Margaret Ann Elekes also recently made the following trade(s):

• On Friday, May 15th, Margaret Ann Elekes sold 25,000 shares of Surge Energy stock. The shares were sold at an average price of C$10.05, for a total transaction of C$251,250.00.

Surge Energy Trading Up 0.8%

Shares of TSE:SGY traded up C$0.08 during midday trading on Wednesday, hitting C$10.43. 634,917 shares of the stock traded hands, compared to its average volume of 975,739. The stock has a market capitalization of C$1.05 billion, a PE ratio of 149.00, a P/E/G ratio of 0.59 and a beta of -0.42. The business’s 50 day moving average is C$9.37 and its two-hundred day moving average is C$8.09. The company has a quick ratio of 0.40, a current ratio of 0.58 and a debt-to-equity ratio of 34.75. Surge Energy Inc. has a one year low of C$5.42 and a one year high of C$10.65.

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

Surge Energy Dividend Announcement

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

Analyst Ratings Changes

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