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

Surge Energy Inc. (TSE:SGY) announced a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.0433 per share on Tuesday, April 15th. This represents a $0.52 dividend on an annualized basis and a 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 on Friday, reaching C$6.22. The company had a trading volume of 648,847 shares, compared to its average volume of 593,992. The firm has a market capitalization of C$625.50 million, a PE 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. Surge Energy has a 52-week low of C$4.80 and a 52-week high of C$8.16. The firm’s 50 day simple moving average is C$5.62 and its 200-day simple moving average is C$5.78.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets decreased their price target on shares of Surge Energy from C$11.00 to C$9.00 in a research 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.