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

Surge Energy Inc. (TSE:SGY) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.0433 per share on Tuesday, February 18th. This represents a $0.52 annualized dividend and a dividend yield of 9.16%. The ex-dividend date of this dividend is Friday, January 31st.

Surge Energy Stock Down 0.5 %

Shares of TSE SGY opened at C$5.67 on Wednesday. The company has a debt-to-equity ratio of 29.47, a quick ratio of 0.40 and a current ratio of 0.50. The firm has a market capitalization of C$568.81 million, a price-to-earnings ratio of 3.50, a PEG ratio of 0.59 and a beta of 2.54. The stock has a 50 day moving average price of C$5.71 and a 200 day moving average price of C$6.12. Surge Energy has a 52-week low of C$4.94 and a 52-week high of C$8.16.

Surge Energy (TSE:SGY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.08). Surge Energy had a negative return on equity of 10.03% and a negative net margin of 14.28%.

Insider Buying and Selling at Surge Energy

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

Wall Street Analysts Forecast Growth

SGY has been the topic of a number of recent analyst reports. Raymond James raised Surge Energy to a “moderate buy” rating in a research report on Thursday, October 17th. Canaccord Genuity Group reduced their price target on Surge Energy from C$11.00 to C$10.50 in a research report on Tuesday, October 22nd. Finally, BMO Capital Markets reduced their price target on 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.