Surge Energy Inc. (TSE:SGY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$4.44 and last traded at C$4.42, with a volume of 629875 shares traded. The stock had previously closed at C$4.02.
A number of research analysts have recently issued reports on the stock. National Bank Financial lifted their price objective on shares of Surge Energy to C$1.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 17th. National Bankshares lifted their price objective on shares of Surge Energy from C$0.90 to C$1.00 in a research report on Thursday, June 17th. Finally, Raymond James reiterated an “outperform” rating and issued a C$1.25 target price on shares of Surge Energy in a research note on Tuesday, August 3rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Surge Energy currently has an average rating of “Hold” and an average target price of C$1.06.
The company has a debt-to-equity ratio of 123.82, a quick ratio of 0.11 and a current ratio of 0.12. The firm’s 50 day simple moving average is C$1.83 and its 200 day simple moving average is C$1.04. The firm has a market capitalization of C$320.05 million and a price-to-earnings ratio of 0.77.
In other Surge Energy news, Director Robert Allen Leach bought 124,852 shares of the company’s stock in a transaction dated Thursday, September 2nd. The stock was acquired at an average price of C$4.46 per share, with a total value of C$557,039.68. Following the completion of the acquisition, the director now directly owns 364,528 shares of the company’s stock, valued at C$1,626,378.12.
About Surge Energy (TSE:SGY)
Surge Energy Inc explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan.
Featured Story: Purposes and Functions of the Federal Reserve
Receive News & Ratings for Surge Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Surge Energy and related companies with MarketBeat.com's FREE daily email newsletter.