Surge Energy (TSE:SGY) Hits New 1-Year Low - Time to Sell?

Shares of Surge Energy Inc. (TSE:SGY - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as C$4.72 and last traded at C$5.10, with a volume of 406498 shares traded. The stock had previously closed at C$5.10.

Analyst Ratings Changes

A number of research analysts recently weighed in on SGY shares. Raymond James lowered shares of Surge Energy from an "outperform" rating to a "market perform" rating and decreased their price target for the company from C$8.50 to C$6.00 in a research note on Wednesday. BMO Capital Markets decreased their target price on Surge Energy from C$11.00 to C$9.00 in a research report on Friday, December 13th.

Surge Energy Stock Performance

The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 31.48. The stock's fifty day simple moving average is C$5.50 and its 200 day simple moving average is C$5.72. The company has a market cap of C$460.58 million, a price-to-earnings ratio of -5.74, a P/E/G ratio of 0.59 and a beta of 2.54.

Surge Energy Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.0433 per share. This represents a $0.52 dividend on an annualized basis and a yield of 11.34%. The ex-dividend date is Monday, March 31st. Surge Energy's dividend payout ratio (DPR) is currently -65.21%.

Surge Energy Company Profile

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.