Surge Energy Inc. (TSE:SGY - Get Free Report) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.0433 per share on Tuesday, February 18th. This represents a $0.52 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend is Friday, January 31st.
Surge Energy Price Performance
Shares of Surge Energy stock traded down C$0.24 during midday trading on Friday, hitting C$5.42. 617,829 shares of the company were exchanged, compared to its average volume of 639,525. The firm has a 50 day simple moving average of C$5.69 and a 200-day simple moving average of C$6.09. The company has a debt-to-equity ratio of 29.47, a current ratio of 0.50 and a quick ratio of 0.40. The firm has a market cap of C$543.73 million, a P/E ratio of 3.35, a PEG ratio of 0.59 and a beta of 2.54. Surge Energy has a 52 week low of C$4.94 and a 52 week high of C$8.16.
Surge Energy (TSE:SGY - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.25 by C($0.08). Surge Energy had a negative net margin of 14.28% and a negative return on equity of 10.03%.
Insider Buying and Selling at Surge Energy
In other news, Director James Murray Pasieka sold 11,213 shares of the business's stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total transaction of C$58,643.99. Corporate insiders own 1.97% of the company's stock.
Analyst Ratings Changes
A number of research firms have commented on SGY. Canaccord Genuity Group reduced their price target on shares of Surge Energy from C$11.00 to C$10.50 in a research report on Tuesday, October 22nd. Raymond James raised Surge Energy to a "moderate buy" rating in a report on Thursday, October 17th. Finally, BMO Capital Markets dropped their price target on Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th.
View Our Latest Research Report on Surge Energy
Surge Energy Company Profile
(
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Surge Energy Inc explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc in June 2010.
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