Surge Energy Inc. (TSE:SGY) Plans 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 paid 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 of this dividend is Friday, January 31st.

Surge Energy Trading Down 0.5 %

TSE:SGY opened at C$5.67 on Wednesday. Surge Energy has a 52 week low of C$4.94 and a 52 week high of C$8.16. The firm has a 50-day moving average price of C$5.71 and a two-hundred day moving average price of C$6.12. The company has a debt-to-equity ratio of 29.47, a quick ratio of 0.40 and a current ratio of 0.50. The firm has a market cap of C$568.81 million, a price-to-earnings ratio of 3.50, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54.

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 net margin of 14.28% and a negative return on equity of 10.03%.

Wall Street Analysts Forecast Growth

SGY has been the subject of a number of recent analyst reports. Raymond James upgraded shares of Surge Energy to a “moderate buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group cut their price objective on Surge Energy from C$11.00 to C$10.50 in a report on Tuesday, October 22nd. Finally, BMO Capital Markets lowered their target price on shares of Surge Energy from C$11.00 to C$9.00 in a research note on Friday, December 13th.

Insider Transactions at Surge Energy

In related news, Director James Murray Pasieka sold 11,213 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total value of C$58,643.99. Company insiders own 1.97% of the company’s stock.

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.