Surge Energy (TSE:SGY) Stock Price Down 11.2% - Time to Sell?

Surge Energy Inc. (TSE:SGY - Get Free Report) shares traded down 11.2% on Friday . The company traded as low as C$4.44 and last traded at C$4.50. 865,525 shares were traded during mid-day trading, an increase of 37% from the average session volume of 630,749 shares. The stock had previously closed at C$5.07.

Analyst Ratings Changes

Separately, Raymond James downgraded Surge Energy from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from C$8.50 to C$6.00 in a research report on Wednesday, April 9th.

Surge Energy Price Performance

The company has a market cap of C$483.71 million, a PE ratio of -6.03, a P/E/G ratio of 0.59 and a beta of 2.54. The stock has a 50-day simple moving average of C$5.49 and a 200 day simple moving average of C$5.70. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48.

Surge Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be issued a $0.0433 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.52 annualized dividend and a dividend yield of 10.80%. Surge Energy's dividend payout ratio 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.