Surge Energy Inc. (TSE:SGY – Get Rating) announced a monthly dividend on Thursday, July 28th, TickerTech reports. Shareholders of record on Monday, August 15th will be given a dividend of 0.035 per share on Monday, August 15th. This represents a $0.42 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Thursday, July 28th.

Surge Energy Stock Up 4.9 %

Shares of SGY stock opened at C$9.21 on Tuesday. The company has a market capitalization of C$767.72 million and a price-to-earnings ratio of 1.27. Surge Energy has a 12-month low of C$3.06 and a 12-month high of C$13.68. The firm has a fifty day moving average of C$10.16 and a 200-day moving average of C$8.85. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 67.83.

Surge Energy (TSE:SGY – Get Rating) last issued its quarterly earnings data on Thursday, May 5th. The company reported C($0.26) earnings per share for the quarter, missing the consensus estimate of C$0.25 by C($0.51). The business had revenue of C$169.12 million for the quarter. As a group, equities research analysts predict that Surge Energy will post 2.9629325 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Insider Buying and Selling at Surge Energy

In other Surge Energy news, Senior Officer Murray Bye sold 10,000 shares of the business's stock in a transaction dated Monday, May 16th. The stock was sold at an average price of C$10.25, for a total transaction of C$102,500.00. Following the completion of the sale, the insider now directly owns 146,916 shares in the company, valued at approximately C$1,505,889.

About Surge Energy

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Surge Energy Inc explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan.

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