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

Surge Energy Inc. (TSE:SGY) announced a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0433 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, June 30th.

Surge Energy Trading Up 0.4%

TSE SGY opened at C$9.22 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.58 and a debt-to-equity ratio of 34.75. The stock’s 50-day simple moving average is C$9.73 and its two-hundred day simple moving average is C$8.42. Surge Energy has a twelve month low of C$6.05 and a twelve month high of C$10.65. The company has a market capitalization of C$923.79 million, a price-to-earnings ratio of 131.71, a PEG ratio of 0.59 and a beta of -0.42.

Surge Energy (TSE:SGY) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($0.25) earnings per share (EPS) for the quarter. The firm had revenue of C$75.00 million during the quarter. Surge Energy had a return on equity of 1.01% and a net margin of 1.39%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SGY. Raymond James Financial boosted their target price on Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 2nd. Canaccord Genuity Group lifted their price target on shares of Surge Energy from C$12.00 to C$13.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. National Bank Financial boosted their price objective on shares of Surge Energy from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. ATB Cormark Capital Markets upped their price objective on shares of Surge Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. Finally, Acumen Capital increased their target price on shares of Surge Energy from C$13.25 to C$13.75 and gave the company a “buy” rating in a report on Tuesday, June 2nd. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of C$12.46.

About Surge Energy

Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.