Insider Selling: Surge Energy (TSE:SGY) Director Sells C$77,031.44 in Stock

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

Surge Energy Trading Down 0.7%

Shares of SGY stock opened at C$8.52 on Friday. The firm has a market capitalization of C$843.04 million, a P/E ratio of 21.30, a P/E/G ratio of 0.59 and a beta of 0.14. Surge Energy Inc. has a twelve month low of C$4.37 and a twelve month high of C$8.70. The company has a quick ratio of 0.40, a current ratio of 0.78 and a debt-to-equity ratio of 33.64. The stock’s fifty day simple moving average is C$7.51 and its 200 day simple moving average is C$7.17.

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

Wall Street Analyst Weigh In

Several research firms recently commented on SGY. Raymond James Financial downgraded shares of Surge Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. ATB Cormark Capital Markets raised their price target on shares of Surge Energy from C$8.25 to C$9.75 in a research note on Friday, November 21st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target 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.