Surge Energy Inc. (TSE:SGY) Announces Monthly Dividend of $0.04

Surge Energy Inc. (TSE:SGY) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Tuesday, February 18th will be given a dividend of 0.0433 per share on Tuesday, February 18th. This represents a $0.52 annualized dividend and a yield of 9.16%. The ex-dividend date is Friday, January 31st.

Surge Energy Stock Performance

Shares of SGY stock opened at C$5.67 on Wednesday. Surge Energy has a 12 month low of C$4.94 and a 12 month high of C$8.16. The company’s fifty day simple moving average is C$5.71 and its 200-day simple moving average is C$6.12. The firm has a market cap of C$568.81 million, a PE ratio of 3.50, a P/E/G ratio of 0.59 and a beta of 2.54. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 29.47.

Surge Energy (TSE:SGY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported C$0.17 earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.08). Surge Energy had a negative return on equity of 10.03% and a negative net margin of 14.28%.

Insider Activity at Surge Energy

In other Surge Energy news, Director James Murray Pasieka sold 11,213 shares of the firm’s stock in a transaction on 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 company insiders.

Wall Street Analysts Forecast Growth

SGY has been the topic of a number of research analyst 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 objective on shares of Surge Energy from C$11.00 to C$10.50 in a research report on Tuesday, October 22nd. Finally, Raymond James raised Surge Energy to a “moderate buy” rating in a research note on Thursday, October 17th.

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.