Surge Energy Inc. (SGY) to Issue Monthly Dividend of $0.04 on February 18th

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 given 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 9.25%. The ex-dividend date is Friday, January 31st.

Surge Energy Price Performance

Shares of TSE SGY opened at C$5.62 on Wednesday. The firm has a market cap of C$563.80 million, a PE ratio of 3.47, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. The business has a 50 day moving average price of C$5.71 and a two-hundred day moving average price of C$6.12. The company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 29.47. Surge Energy has a fifty-two week low of C$4.94 and a fifty-two week high of C$8.16.

Surge Energy (TSE:SGY) last announced its quarterly earnings results on Wednesday, November 6th. The company reported C$0.17 earnings per share for the quarter, missing analysts’ consensus estimates 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%.

Insider Activity

In related news, Director James Murray Pasieka sold 11,213 shares of the stock in a transaction 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 corporate insiders.

Analyst Ratings Changes

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

About Surge Energy

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.