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

Surge Energy Inc. (TSE:SGY) declared 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 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date of this dividend is Friday, February 28th.

Surge Energy Stock Performance

Surge Energy stock traded up C$0.04 during mid-day trading on Wednesday, hitting C$5.41. 109,310 shares of the company’s stock traded hands, compared to its average volume of 556,472. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48. Surge Energy has a one year low of C$4.94 and a one year high of C$8.16. The firm has a 50 day moving average price of C$5.69 and a 200 day moving average price of C$5.93. The company has a market cap of C$544.05 million, a PE ratio of -6.78, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Surge Energy news, Director James Murray Pasieka sold 11,213 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of C$5.23, for a total value of C$58,643.99. 1.97% of the stock is currently owned by insiders.

About Surge Energy

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.