Surge Energy (TSE:SGY) Shares Pass Above Fifty Day Moving Average – What’s Next?

Surge Energy Inc. (TSE:SGY)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$5.71 and traded as high as C$5.86. Surge Energy shares last traded at C$5.82, with a volume of 784,638 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Raymond James raised Surge Energy to a “moderate buy” rating in a research note on Thursday, October 17th. National Bankshares increased their target price on shares of Surge Energy from C$11.00 to C$11.25 in a research report on Friday, September 27th. BMO Capital Markets lowered their price target on shares of Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th. Finally, 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.

Surge Energy Price Performance

The stock has a market cap of C$583.86 million, a P/E ratio of 3.59, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. 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 company’s fifty day simple moving average is C$5.71 and its 200-day simple moving average is C$6.14.

Surge Energy (TSE:SGY) last posted its 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%.

Surge Energy Dividend Announcement

The firm also recently announced 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. This represents a $0.52 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend is Friday, January 31st. Surge Energy’s payout ratio is currently 32.10%.

Insider Buying and Selling

In other news, Director James Murray Pasieka sold 11,213 shares of Surge Energy 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. 1.97% of the stock is owned by corporate insiders.

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.