Surge Energy (TSE:SGY) Director Allison Michelle Maher Sells 8,999 Shares of Stock

Surge Energy Inc. (TSE:SGY) Director Allison Michelle Maher sold 8,999 shares of the firm’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of C$8.56, for a total transaction of C$77,031.44. Following the sale, the director directly owned 17,612 shares of the company’s stock, valued at approximately C$150,758.72. This trade represents a 33.82% decrease in their position.

Surge Energy Trading Down 0.2%

Shares of TSE:SGY traded down C$0.02 during mid-day trading on Friday, hitting C$8.56. The company had a trading volume of 1,116,129 shares, compared to its average volume of 948,521. The company has a debt-to-equity ratio of 33.64, a current ratio of 0.78 and a quick ratio of 0.40. Surge Energy Inc. has a one year low of C$4.37 and a one year high of C$8.70. The firm has a fifty day moving average price of C$7.48 and a 200 day moving average price of C$7.16. The company has a market capitalization of C$846.99 million, a PE ratio of 21.40, a price-to-earnings-growth ratio of 0.59 and a beta of 0.14.

Surge Energy (TSE:SGY) last issued its earnings results on Wednesday, March 4th. The company reported C$0.55 earnings per share (EPS) for the quarter. The business had revenue of C$111.40 million for the quarter. Surge Energy had a net margin of 7.21% and a return on equity of 5.47%.

Analysts Set New Price Targets

Several brokerages have recently commented on SGY. ATB Cormark Capital Markets raised their target price on Surge Energy from C$8.25 to C$9.75 in a research note on Friday, November 21st. Raymond James Financial lowered Surge Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Surge Energy has a consensus rating of “Buy” and a consensus target price of C$9.08.

Surge Energy Company Profile

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.