Surge Energy Inc. (TSE:SGY - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$5.65 and traded as low as C$5.51. Surge Energy shares last traded at C$5.56, with a volume of 301,839 shares.
Wall Street Analyst Weigh In
SGY has been the subject of a number of research reports. BMO Capital Markets dropped their price target on Surge Energy from C$11.00 to C$9.00 in a research note on Friday, December 13th. Canaccord Genuity Group cut their price target on Surge Energy from C$11.00 to C$10.50 in a research note on Tuesday, October 22nd.
Read Our Latest Report on Surge Energy
Surge Energy Stock Down 1.3 %
The firm has a market capitalization of C$552.09 million, a price-to-earnings ratio of -6.88, a P/E/G ratio of 0.59 and a beta of 2.54. The stock has a fifty day moving average of C$5.65 and a two-hundred day moving average of C$5.98. The company has a debt-to-equity ratio of 31.48, a current ratio of 0.66 and a quick ratio of 0.40.
Surge Energy Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Tuesday, February 18th will be paid a $0.0433 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 9.46%. The ex-dividend date is Friday, January 31st. Surge Energy's dividend payout ratio is currently -65.21%.
Insider Buying and Selling at Surge Energy
In other news, Director James Murray Pasieka sold 11,213 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total value of C$58,643.99. Insiders own 1.97% of the company's stock.
Surge Energy Company Profile
(
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.
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