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

Surge Energy Inc. (TSE:SGY) declared a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.0433 per share on Tuesday, April 15th. This represents a $0.52 annualized dividend and a dividend yield of 8.35%. The ex-dividend date of this dividend is Monday, March 31st.

Surge Energy Stock Down 1.0 %

Shares of TSE SGY traded down C$0.06 during mid-day trading on Friday, reaching C$6.22. The company had a trading volume of 648,847 shares, compared to its average volume of 593,992. Surge Energy has a 52-week low of C$4.80 and a 52-week high of C$8.16. The stock has a market cap of C$625.50 million, a P/E ratio of -7.80, a PEG ratio of 0.59 and a beta of 2.54. The company has a current ratio of 0.66, a quick ratio of 0.40 and a debt-to-equity ratio of 31.48. The firm has a 50 day simple moving average of C$5.62 and a two-hundred day simple moving average of C$5.78.

Wall Street Analysts Forecast Growth

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

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.