Surge Energy (OTCMKTS:ZPTAF) Stock Price Down 0.1% – Here’s Why

Surge Energy Inc. (OTCMKTS:ZPTAF)’s stock price fell 0.1% during mid-day trading on Friday . The company traded as low as $3.76 and last traded at $3.76. 17,935 shares changed hands during trading, a decline of 67% from the average session volume of 53,569 shares. The stock had previously closed at $3.77.

Analysts Set New Price Targets

Separately, Raymond James started coverage on Surge Energy in a research report on Friday, October 18th. They issued an “outperform” rating and a $9.00 target price for the company.

Surge Energy Price Performance

The business has a 50 day moving average price of $3.93 and a two-hundred day moving average price of $4.32.

Surge Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.0302 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a dividend yield of 8.65%. Surge Energy’s payout ratio is 104.97%.

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.