Surge Energy Inc. (TSE:SGY) Plans Dividend Increase – $0.04 Per Share

Surge Energy Inc. (TSE:SGY) announced a monthly dividend on Monday, July 15th, TickerTech reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.043 per share on Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date is Tuesday, July 30th. This is a boost from Surge Energy’s previous monthly dividend of $0.04.

Surge Energy Trading Up 0.3 %

Shares of TSE SGY opened at C$6.94 on Monday. The company has a market cap of C$698.03 million, a PE ratio of 4.28, a P/E/G ratio of 0.59 and a beta of 2.66. The company has a debt-to-equity ratio of 34.03, a quick ratio of 0.40 and a current ratio of 0.38. The firm’s 50 day moving average price is C$7.00 and its 200-day moving average price is C$7.02. Surge Energy has a 52-week low of C$5.89 and a 52-week high of C$9.77.

Surge Energy (TSE:SGY) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.13 by C($0.17). The business had revenue of C$158.17 million during the quarter, compared to the consensus estimate of C$158.95 million. Surge Energy had a negative net margin of 0.48% and a negative return on equity of 0.32%. On average, equities research analysts expect that Surge Energy will post 0.7599558 EPS for the current fiscal year.

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.