Surge Energy Inc. (TSE:SGY - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$5.62 and traded as low as C$5.53. Surge Energy shares last traded at C$5.62, with a volume of 515,388 shares trading hands.
Wall Street Analyst Weigh In
Separately, BMO Capital Markets decreased their price objective on Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th.
Check Out Our Latest Analysis on SGY
Surge Energy Stock Down 0.2 %
The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48. The stock has a market capitalization of C$602.37 million, a PE ratio of -7.51, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. The company's fifty day moving average price is C$5.60 and its 200-day moving average price is C$5.78.
Surge Energy Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a dividend of $0.0433 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 8.67%. Surge Energy's 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 Surge Energy stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total value of C$58,643.99. 1.97% of the stock is owned by company insiders.
About Surge Energy
(
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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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