Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) declared a dividend on Friday, November 22nd,investing.com reports. Stockholders of record on Monday, December 2nd will be paid a dividend of 0.0309 per share on Monday, December 16th. This represents a dividend yield of 8.79%. The ex-dividend date of this dividend is Friday, November 29th.
Surge Energy Stock Performance
Shares of OTCMKTS:ZPTAF opened at $4.04 on Wednesday. Surge Energy has a 52 week low of $3.81 and a 52 week high of $6.01. The company has a 50-day moving average price of $4.37 and a 200 day moving average price of $4.75.
Wall Street Analyst Weigh In
Separately, Raymond James initiated coverage on Surge Energy in a research note on Friday, October 18th. They issued an “outperform” rating and a $9.00 price target on the 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.
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