Jared Ducs Sells 5,125 Shares of Surge Energy (TSE:SGY) Stock

Surge Energy Inc. (TSE:SGY) insider Jared Ducs sold 5,125 shares of the business’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of C$9.39, for a total value of C$48,123.75. Following the completion of the sale, the insider owned 127,356 shares in the company, valued at C$1,195,872.84. This represents a 3.87% decrease in their ownership of the stock.

Surge Energy Price Performance

TSE SGY opened at C$9.40 on Wednesday. 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 company has a market cap of C$929.11 million, a PE ratio of 23.50, a price-to-earnings-growth ratio of 0.59 and a beta of 0.14. Surge Energy Inc. has a 52 week low of C$4.37 and a 52 week high of C$9.70. The firm’s 50-day simple moving average is C$8.03 and its two-hundred day simple moving average is C$7.34.

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

Analyst Upgrades and Downgrades

Separately, Raymond James Financial upgraded shares of Surge Energy from a “hold” rating to a “moderate buy” rating and lifted their price objective for the company from C$9.00 to C$11.00 in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, Surge Energy presently has a consensus rating of “Buy” and an average target price of C$9.75.

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.