Surge Energy (OTCMKTS:ZPTAF) Trading Down 0% – What’s Next?

Surge Energy Inc. (OTCMKTS:ZPTAF)’s share price fell 0% on Tuesday . The stock traded as low as $4.22 and last traded at $4.24. 28,255 shares were traded during trading, an increase of 2% from the average session volume of 27,782 shares. The stock had previously closed at $4.24.

Analysts Set New Price Targets

Separately, Raymond James assumed coverage on shares of 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 Trading Down 0.0 %

The firm has a 50-day moving average price of $3.98 and a 200 day moving average price of $4.47.

Surge Energy Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be given a dividend of $0.0305 per share. This represents a yield of 9.82%. The ex-dividend date is Tuesday, December 31st. Surge Energy’s payout ratio is currently 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.