Shares of Surge Energy Inc. (TSE:SGY - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$5.67 and traded as high as C$6.14. Surge Energy shares last traded at C$6.03, with a volume of 759,851 shares traded.
Analyst Ratings Changes
SGY has been the subject of a number of research reports. Canaccord Genuity Group decreased their target price on shares of Surge Energy from C$11.00 to C$10.50 in a research note on Tuesday, October 22nd. National Bankshares upped their target price on shares of Surge Energy from C$11.00 to C$11.25 in a report on Friday, September 27th. Raymond James upgraded shares of Surge Energy to a "moderate buy" rating in a research note on Thursday, October 17th. Cormark raised Surge Energy to a "moderate buy" rating in a report on Monday, September 23rd. Finally, BMO Capital Markets cut their price target on Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th. Two analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Surge Energy currently has an average rating of "Buy" and a consensus target price of C$11.00.
Check Out Our Latest Report on SGY
Surge Energy Stock Down 2.5 %
The business's 50 day simple moving average is C$5.67 and its 200 day simple moving average is C$6.19. The company has a current ratio of 0.50, a quick ratio of 0.40 and a debt-to-equity ratio of 29.47. The firm has a market capitalization of C$589.88 million, a PE ratio of 3.63, a PEG ratio of 0.59 and a beta of 2.54.
Surge Energy Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be issued a $0.0433 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.52 annualized dividend and a dividend yield of 8.84%. Surge Energy's payout ratio is 32.10%.
Insider Buying and Selling at Surge Energy
In other Surge Energy news, Director James Murray Pasieka sold 11,213 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$5.23, for a total value of C$58,643.99. 1.97% of the stock is currently owned by corporate 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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