Meren Energy Inc. (TSE:MER – Get Free Report) declared a quarterly dividend on Thursday, August 20th, TickerTech Dividends reports. Investors of record on Friday, September 4th will be given a dividend of 0.0371 per share on Friday, September 4th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Thursday, August 20th.
Meren Energy Price Performance
Meren Energy stock opened at C$2.26 on Tuesday. The firm has a market capitalization of C$1.53 billion, a price-to-earnings ratio of -14.12 and a beta of 0.23. The firm has a fifty day simple moving average of C$2.04. Meren Energy has a 52 week low of C$1.67 and a 52 week high of C$2.58.
Meren Energy (TSE:MER – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported C$0.07 earnings per share (EPS) for the quarter. The company had revenue of C$279.47 million during the quarter.
About Meren Energy
Meren is a full-cycle Independent upstream oil and gas company with interests offshore Nigeria, Namibia, South Africa and Equatorial Guinea. Its main assets are producing and development assets in deepwater Nigeria. The Company holds a leading position in the Orange Basin including its effective interest in the Venus light oil project, offshore Namibia, and its direct interest in Block 3B/4B, offshore South Africa.
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