Shares of Surge Energy Inc. (TSE:SGY - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as C$0.00 and last traded at C$5.30, with a volume of 259972 shares changing hands. The stock had previously closed at C$5.37.
Analyst Upgrades and Downgrades
Separately, BMO Capital Markets lowered their price target on shares of Surge Energy from C$11.00 to C$9.00 in a research note on Friday, December 13th.
Read Our Latest Stock Report on SGY
Surge Energy Stock Performance
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 stock has a market cap of C$532.98 million, a PE ratio of -6.65, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. The business has a 50 day moving average price of C$5.68 and a two-hundred day moving average price of C$5.86.
Surge Energy Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 17th will be issued a dividend of $0.0433 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 9.80%. Surge Energy's dividend payout ratio is presently -65.21%.
Insider Buying and Selling at Surge Energy
In other Surge Energy news, Director James Murray Pasieka sold 11,213 shares of the business's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$5.23, for a total transaction of C$58,643.99. 1.97% of the stock is currently owned by corporate insiders.
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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