Insider Buying: Surge Energy Inc (SGY) Director Buys 10,000 Shares of Stock

Surge Energy Inc (TSE:SGY) Director Paul Colborne purchased 10,000 shares of the stock in a transaction dated Wednesday, March 22nd. The shares were purchased at an average price of C$2.35 per share, with a total value of C$23,500.00.

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

  • On Wednesday, March 29th, Paul Colborne bought 10,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.64 per share, for a total transaction of C$26,400.00.
  • On Tuesday, February 28th, Paul Colborne bought 5,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.64 per share, for a total transaction of C$13,200.00.
  • On Friday, February 24th, Paul Colborne bought 10,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.71 per share, for a total transaction of C$27,100.00.
  • On Monday, February 27th, Paul Colborne bought 5,000 shares of Surge Energy stock. The shares were purchased at an average cost of C$2.70 per share, for a total transaction of C$13,500.00.
  • On Monday, February 6th, Paul Colborne purchased 5,000 shares of Surge Energy stock. The stock was bought at an average cost of C$2.69 per share, for a total transaction of C$13,450.00.
  • On Thursday, February 2nd, Paul Colborne purchased 10,000 shares of Surge Energy stock. The stock was bought at an average cost of C$2.82 per share, for a total transaction of C$28,200.00.
  • On Friday, February 3rd, Paul Colborne purchased 5,000 shares of Surge Energy stock. The stock was bought at an average cost of C$2.80 per share, for a total transaction of C$14,000.00.

Shares of Surge Energy Inc (TSE:SGY) traded down 1.49% during trading on Friday, reaching $2.64. 1,351,312 shares of the company were exchanged. The stock’s market capitalization is $596.02 million. Surge Energy Inc has a 52-week low of $2.05 and a 52-week high of $3.45. The stock has a 50-day moving average of $2.59 and a 200 day moving average of $2.83.

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

COPYRIGHT VIOLATION WARNING: This article was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another site, it was stolen and reposted in violation of US & international copyright & trademark law. The legal version of this article can be viewed at https://www.com-unik.info/2017/04/21/surge-energy-inc-sgy-director-buys-c23500-00-in-stock-updated-updated.html.

Several analysts have weighed in on SGY shares. TD Securities reiterated a “buy” rating and set a C$4.00 target price on shares of Surge Energy in a research note on Monday, February 27th. Scotiabank reiterated a “sector perform” rating and set a C$3.25 target price on shares of Surge Energy in a research note on Friday, February 24th. Finally, BMO Capital Markets boosted their target price on shares of Surge Energy from C$3.00 to C$3.25 and gave the company an “outperform” rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Surge Energy presently has a consensus rating of “Buy” and a consensus price target of C$3.38.

About Surge Energy

Surge Energy Inc is a Canada-based oil and gas exploration, development and production company. The Company’s principal oil and natural gas producing properties are located in Alberta and Saskatchewan, and focused on over three core areas: Western Alberta, Southeast Alberta and Southwest Saskatchewan.

What are top analysts saying about Surge Energy Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Surge Energy Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit