Surge Energy Inc. (TSE:SGY – Get Rating) declared 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 is Thursday, July 28th.
Surge Energy Trading Up 4.9 %
TSE:SGY opened at C$9.21 on Tuesday. The business's 50-day moving average is C$10.16 and its two-hundred day moving average is C$8.85. The company has a debt-to-equity ratio of 67.83, a current ratio of 0.36 and a quick ratio of 0.35. Surge Energy has a 12 month low of C$3.06 and a 12 month high of C$13.68. The firm has a market capitalization of C$767.72 million and a PE ratio of 1.27.
Get Surge Energy alerts:Surge Energy (TSE:SGY – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The company reported C($0.26) EPS for the quarter, missing the consensus estimate of C$0.25 by C($0.51). The business had revenue of C$169.12 million during the quarter. Research analysts predict that Surge Energy will post 2.9629325 earnings per share for the current fiscal year.
Insider Activity
In related news, Senior Officer Murray Bye sold 10,000 shares of Surge Energy stock in a transaction dated Monday, May 16th. The stock was sold at an average price of C$10.25, for a total value of C$102,500.00. Following the completion of the transaction, the insider now directly owns 146,916 shares in the company, valued at C$1,505,889.Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on SGY. Cormark upgraded Surge Energy from a "buy" rating to a "top pick" rating in a research note on Monday, April 18th. National Bankshares upgraded Surge Energy from a "sector perform" rating to a "buy" rating in a research note on Thursday, April 14th.
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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