Surge Energy Inc. (OTCMKTS:ZPTAF) Declares Dividend of $0.03

Surge Energy Inc. (OTCMKTS:ZPTAF) announced a dividend on Tuesday, December 24th,investing.com reports. Shareholders of record on Wednesday, January 1st will be given a dividend of 0.0305 per share on Wednesday, January 15th. This represents a yield of 9.82%. The ex-dividend date is Tuesday, December 31st.

Surge Energy Stock Performance

ZPTAF opened at $3.84 on Friday. Surge Energy has a 1-year low of $3.45 and a 1-year high of $6.01. The business has a 50 day moving average price of $4.01 and a two-hundred day moving average price of $4.54.

Analyst Ratings Changes

Separately, Raymond James assumed coverage on Surge Energy in a research report on Friday, October 18th. They set an “outperform” rating and a $9.00 price objective for the company.

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.