Surge Energy Inc. (TSE:SGY - Get Free Report)'s share price fell 11.2% during trading on Friday . The company traded as low as C$4.44 and last traded at C$4.50. 865,525 shares changed hands during trading, an increase of 37% from the average session volume of 630,749 shares. The stock had previously closed at C$5.07.
Wall Street Analysts Forecast Growth
Separately, Raymond James cut shares of Surge Energy from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from C$8.50 to C$6.00 in a research report on Wednesday, April 9th.
Read Our Latest Research Report on SGY
Surge Energy Price 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 company has a market cap of C$482.70 million, a PE ratio of -6.02, a P/E/G ratio of 0.59 and a beta of 2.54. The firm has a 50 day moving average of C$5.49 and a two-hundred day moving average of C$5.70.
Surge Energy Announces Dividend
The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.0433 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date of this dividend is Monday, March 31st. Surge Energy's payout ratio is -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.
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