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

Surge Energy Inc. (TSE:SGY) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors 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 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend is Friday, February 28th.

Surge Energy Trading Up 1.1 %

SGY stock traded up C$0.06 during trading on Wednesday, reaching C$5.43. The company had a trading volume of 119,241 shares, compared to its average volume of 557,718. The company has a market cap of C$546.06 million, a P/E ratio of -6.81, a PEG ratio of 0.59 and a beta of 2.54. The business has a 50 day moving average of C$5.69 and a 200 day moving average of C$5.93. Surge Energy has a 52 week low of C$4.94 and a 52 week high of C$8.16. The company has a debt-to-equity ratio of 31.48, a current ratio of 0.66 and a quick ratio of 0.40.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Surge Energy

In other news, Director James Murray Pasieka sold 11,213 shares of the business’s 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. Company insiders own 1.97% of the company’s stock.

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.