Surge Energy Inc. (TSE:SGY - Get Free Report)'s stock price dropped 11.2% on Thursday . The company traded as low as C$4.44 and last traded at C$4.50. Approximately 865,525 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 630,749 shares. The stock had previously closed at C$5.07.
Wall Street Analysts Forecast Growth
Separately, Raymond James lowered Surge Energy from an "outperform" rating to a "market perform" rating and cut their price target for the company from C$8.50 to C$6.00 in a research note on Wednesday, April 9th.
Get Our Latest Stock Report on SGY
Surge Energy Stock Performance
The firm has a market cap of C$483.71 million, a PE ratio of -6.03, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. The firm has a fifty day moving average price of C$5.49 and a 200 day moving average price of C$5.70. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 31.48.
Surge Energy Announces Dividend
The firm 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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 10.80%. The ex-dividend date is Monday, March 31st. Surge Energy's dividend payout ratio is presently -65.21%.
About Surge Energy
(
Get Free Report)
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.
Read More
Before you consider Surge Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Surge Energy wasn't on the list.
While Surge Energy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
