Surge Energy Inc. (OTCMKTS:ZPTAF – Get Rating) declared a dividend on Wednesday, September 21st, investing.com reports. Shareholders of record on Thursday, September 29th will be given a dividend of 0.0263 per share on Monday, October 17th. This represents a yield of 4.63%. The ex-dividend date of this dividend is Wednesday, September 28th.

Surge Energy Price Performance

ZPTAF opened at $6.84 on Wednesday. Surge Energy has a 12 month low of $2.90 and a 12 month high of $10.93. The stock has a fifty day moving average price of $7.24 and a 200-day moving average price of $7.54.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. National Bank Financial reduced their target price on shares of Surge Energy from C$16.50 to C$15.50 in a report on Monday, July 18th. Stifel Nicolaus raised their target price on shares of Surge Energy from C$12.75 to C$13.25 in a research note on Thursday, June 30th. Finally, Canaccord Genuity Group initiated coverage on Surge Energy in a report on Thursday, August 25th. They set a "buy" rating and a C$15.50 price objective for the company.

Surge Energy Company Profile

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.

Further Reading

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