Surge Energy Inc (SGY) Insider Acquires C$40,500.00 in Stock

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Surge Energy Inc (TSE:SGY) insider James Leigh Stannard purchased 25,000 shares of Surge Energy stock in a transaction on Tuesday, December 4th. The shares were purchased at an average cost of C$1.62 per share, with a total value of C$40,500.00.

James Leigh Stannard also recently made the following trade(s):

  • On Tuesday, November 20th, James Leigh Stannard purchased 25,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$1.68 per share, with a total value of C$42,000.00.

TSE SGY opened at C$1.54 on Friday. The company has a debt-to-equity ratio of 37.50, a quick ratio of 0.77 and a current ratio of 0.92. Surge Energy Inc has a 12 month low of C$1.49 and a 12 month high of C$2.76.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 17th will be issued a $0.0083 dividend. This represents a $0.10 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Thursday, November 29th. Surge Energy’s payout ratio is presently -508.76%.

A number of research firms have weighed in on SGY. Cormark upped their price target on Surge Energy from C$4.00 to C$4.50 in a research report on Tuesday, October 9th. Industrial Alliance Securities reaffirmed a “buy” rating and set a C$4.00 price target on shares of Surge Energy in a research report on Friday, September 21st. Raymond James increased their price objective on Surge Energy from C$3.25 to C$3.50 and gave the company an “outperform” rating in a report on Friday, September 7th. TD Securities increased their price objective on Surge Energy from C$3.25 to C$3.50 and gave the company a “buy” rating in a report on Friday, September 7th. Finally, National Bank Financial raised Surge Energy from an “underperform” rating to an “outperform” rating and set a C$4.00 price objective for the company in a report on Friday, October 26th. Five investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and a consensus target price of C$3.53.

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Surge Energy Company Profile

Surge Energy Inc engages in the exploration, development, and production of oil and gas properties in western Canada. The company holds interests in the Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta; the Nipisi property located to the north of the town of Slave Lake, in northwestern Alberta; and the Nevis property located to the east of Red Deer, Alberta.

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Insider Buying and Selling by Quarter for Surge Energy (TSE:SGY)

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