Surge Energy (TSE:SGY) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Surge Energy Inc. (TSE:SGY) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$5.69 and traded as high as C$5.79. Surge Energy shares last traded at C$5.64, with a volume of 552,722 shares traded.

Analyst Upgrades and Downgrades

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

Surge Energy Stock Performance

The company has a 50-day simple moving average of C$5.69 and a two-hundred day simple moving average of C$5.94. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48. The firm has a market cap of C$567.18 million, a PE ratio of -7.07, a PEG ratio of 0.59 and a beta of 2.54.

Surge Energy Announces Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 18th. Shareholders of record on Tuesday, February 18th were paid a $0.0433 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $0.52 annualized dividend and a dividend yield of 9.21%. Surge Energy’s payout ratio is presently -65.21%.

Insider Buying and Selling at Surge Energy

In related news, Director James Murray Pasieka sold 11,213 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total transaction of C$58,643.99. Corporate insiders own 1.97% of the company’s stock.

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.