Surge Energy (OTCMKTS:ZPTAF) Stock Price Down 0.1% – Should You Sell?

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

Analyst Upgrades and Downgrades

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

Surge Energy Price Performance

The company’s 50-day moving average is $3.93 and its 200 day moving average is $4.32.

Surge Energy Cuts Dividend

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

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.