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.
Get Surge Energy alerts: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
A number of brokerages have recently issued reports on SGY. Cormark upgraded shares of Surge Energy from a "buy" rating to a "top pick" rating in a research report on Monday, April 18th. National Bankshares upgraded shares of Surge Energy from a "sector perform" rating to a "buy" rating in a research note on Thursday, April 14th.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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