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

Surge Energy Inc. (TSE:SGY) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.0433 per share on Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date of this dividend is Friday, February 28th.

Surge Energy Stock Performance

SGY traded up C$0.05 during trading on Wednesday, hitting C$5.42. The company’s stock had a trading volume of 113,010 shares, compared to its average volume of 556,967. The business’s 50 day simple moving average is C$5.69 and its 200-day simple moving average is C$5.93. The firm has a market cap of C$545.05 million, a PE ratio of -6.80, a P/E/G ratio of 0.59 and a beta of 2.54. Surge Energy has a one year low of C$4.94 and a one year high of C$8.16. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48.

Analyst Ratings Changes

Separately, BMO Capital Markets decreased their price target on Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th.

Insider Buying and Selling at Surge Energy

In related news, Director James Murray Pasieka sold 11,213 shares of Surge Energy stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total transaction of C$58,643.99. 1.97% of the stock is currently owned by company 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.