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

Surge Energy Inc. (TSE:SGY) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 9.25%. The ex-dividend date is Friday, January 31st.

Surge Energy Trading Down 0.9 %

Shares of SGY stock opened at C$5.62 on Wednesday. Surge Energy has a 12 month low of C$4.94 and a 12 month high of C$8.16. The company 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 company has a quick ratio of 0.40, a current ratio of 0.50 and a debt-to-equity ratio of 29.47. The business’s 50 day moving average is C$5.71 and its two-hundred day moving average is C$6.12.

Surge Energy (TSE:SGY) last posted its earnings results on Wednesday, November 6th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.08). Surge Energy had a negative net margin of 14.28% and a negative return on equity of 10.03%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Surge Energy news, Director James Murray Pasieka sold 11,213 shares of Surge Energy stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total value of C$58,643.99. 1.97% of the stock is owned by company insiders.

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.