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

Surge Energy (TSE:SGY) Director Paul Colborne bought 10,000 shares of the company’s stock in a transaction on Tuesday, April 10th. The stock was bought 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):

  • On Thursday, March 29th, Paul Colborne bought 25,000 shares of Surge Energy stock. The stock was bought 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 bought 10,000 shares of Surge Energy stock. The stock was bought 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 bought 10,000 shares of Surge Energy stock. The stock was bought 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 bought 10,000 shares of Surge Energy stock. The stock was bought 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 bought 5,000 shares of Surge Energy stock. The stock was bought 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 bought 5,000 shares of Surge Energy stock. The stock was bought 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 bought 5,000 shares of Surge Energy stock. The stock was bought 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 bought 5,000 shares of Surge Energy stock. The stock was bought 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 bought 5,000 shares of Surge Energy stock. The stock was bought 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 bought 5,000 shares of Surge Energy stock. The stock was bought at an average price of C$2.14 per share, for a total transaction of C$10,700.00.

Shares of SGY opened at C$2.08 on Thursday. Surge Energy has a fifty-two week low of C$1.58 and a fifty-two week high of C$2.91.



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

The firm also recently declared a monthly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 15th were given a $0.0079 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.09 annualized dividend and a dividend yield of 4.56%.

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

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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 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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