Paul Colborne Acquires 10,000 Shares of Surge Energy (SGY) Stock

Surge Energy (TSE:SGY) Director Paul Colborne purchased 10,000 shares of the business’s stock in a transaction on Tuesday, April 10th. The stock was purchased at an average price of C$2.06 per share, for a total transaction of C$20,600.00.

Paul Colborne also recently made the following trade(s):

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  • On Thursday, March 29th, Paul Colborne purchased 25,000 shares of Surge Energy stock. The stock was purchased at an average price of C$1.98 per share, for a total transaction of C$49,500.00.
  • On Tuesday, March 27th, Paul Colborne purchased 10,000 shares of Surge Energy stock. The stock was purchased at an average price of C$2.07 per share, for a total transaction of C$20,700.00.
  • On Wednesday, March 21st, Paul Colborne purchased 10,000 shares of Surge Energy stock. The stock was purchased at an average price of C$1.98 per share, for a total transaction of C$19,800.00.
  • On Friday, March 16th, Paul Colborne purchased 10,000 shares of Surge Energy stock. The stock was purchased at an average price of C$1.95 per share, for a total transaction of C$19,500.00.
  • On Monday, February 26th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The stock was purchased at an average price of C$2.01 per share, for a total transaction of C$10,050.00.
  • On Friday, February 23rd, Paul Colborne purchased 5,000 shares of Surge Energy stock. The stock was purchased at an average price of C$1.95 per share, for a total transaction of C$9,750.00.
  • On Tuesday, February 20th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The stock was purchased at an average price of C$1.89 per share, for a total transaction of C$9,450.00.
  • On Thursday, February 15th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The stock was purchased at an average price of C$1.84 per share, for a total transaction of C$9,200.00.
  • On Tuesday, January 30th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The stock was purchased at an average price of C$2.00 per share, for a total transaction of C$10,000.00.
  • On Wednesday, January 24th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The stock was purchased at an average price of C$2.14 per share, for a total transaction of C$10,700.00.

Shares of SGY stock traded up C$0.06 during trading hours on Tuesday, reaching C$2.07. The company had a trading volume of 1,153,527 shares, compared to its average volume of 781,966. Surge Energy has a 12 month low of C$1.58 and a 12 month high of C$2.91.

Surge Energy (TSE:SGY) last posted its earnings results on Wednesday, March 14th. The company reported C($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.02 by C($0.08). Surge Energy had a negative net margin of 18.21% and a negative return on equity of 4.16%. The company had revenue of C$69.26 million during the quarter, compared to the consensus estimate of C$62.80 million.

The business also recently announced a monthly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th were issued a $0.0079 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 4.58%.

Separately, TD Securities cut their price target on Surge Energy from C$3.25 to C$3.00 in a report on Wednesday, February 14th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$2.84.

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About Surge Energy

Surge Energy Inc engages in the exploration, development, and production of oil and gas properties in western Canada. The company holds working interests in the Valhalla/Wembley and Nipisi properties located in northwestern Alberta; the Windfall property located in western Alberta; and the Nevis property located to the east of Red Deer, Alberta covering an area of approximately 122,113 net developed acres.

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

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