Surge Energy Inc. (TSE:SGY) Announces $0.04 Monthly Dividend

Surge Energy Inc. (TSE:SGY - Get Free Report) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.0433 per share on Tuesday, April 15th. This represents a $0.52 dividend on an annualized basis and a yield of 8.50%. The ex-dividend date of this dividend is Monday, March 31st.

Surge Energy Price Performance

Shares of SGY traded up C$0.08 during midday trading on Wednesday, reaching C$6.11. The stock had a trading volume of 130,839 shares, compared to its average volume of 580,097. The company has a debt-to-equity ratio of 31.48, a current ratio of 0.66 and a quick ratio of 0.40. The company has a market capitalization of C$614.44 million, a P/E ratio of -7.66, a P/E/G ratio of 0.59 and a beta of 2.54. The firm's 50 day moving average price is C$5.62 and its 200-day moving average price is C$5.78. Surge Energy has a 52 week low of C$4.80 and a 52 week high of C$8.16.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets dropped their price target on shares of Surge Energy from C$11.00 to C$9.00 in a research report on Friday, December 13th.

About Surge Energy

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.