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

Surge Energy Inc. (TSE:SGY) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.16%. The ex-dividend date is Friday, January 31st.

Surge Energy Stock Down 0.5 %

Shares of TSE SGY opened at C$5.67 on Wednesday. The company has a 50 day simple moving average of C$5.71 and a 200-day simple moving average of C$6.12. The company has a market capitalization of C$568.81 million, a P/E ratio of 3.50, a P/E/G ratio of 0.59 and a beta of 2.54. The company has a debt-to-equity ratio of 29.47, a current ratio of 0.50 and a quick ratio of 0.40. Surge Energy has a 1 year low of C$4.94 and a 1 year high of C$8.16.

Surge Energy (TSE:SGY) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.17 earnings per share (EPS) 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%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SGY shares. BMO Capital Markets cut their price target on shares of Surge Energy from C$11.00 to C$9.00 in a research note on Friday, December 13th. Canaccord Genuity Group cut their price target on shares of Surge Energy from C$11.00 to C$10.50 in a research note on Tuesday, October 22nd. Finally, Raymond James upgraded shares of Surge Energy to a “moderate buy” rating in a research note on Thursday, October 17th.

Insider Transactions at Surge Energy

In other news, Director James Murray Pasieka sold 11,213 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$5.23, for a total transaction 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.