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

Surge Energy Inc. (TSE:SGY) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.0433 per share on Monday, March 17th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 9.60%. The ex-dividend date is Friday, February 28th.

Surge Energy Price Performance

SGY stock traded up C$0.04 on Wednesday, reaching C$5.41. 130,521 shares of the company’s stock were exchanged, compared to its average volume of 557,914. The stock has a fifty day moving average of C$5.69 and a 200-day moving average of C$5.93. The firm has a market cap of C$544.05 million, a PE ratio of -6.78, a P/E/G ratio of 0.59 and a beta of 2.54. Surge Energy has a twelve month low of C$4.94 and a twelve month 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.

Wall Street Analyst Weigh In

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

Insider Activity at Surge Energy

In other Surge Energy 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 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.