Surge Energy Inc. (SGY) To Go Ex-Dividend on March 31st

Surge Energy Inc. (TSE:SGY) declared a monthly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Tuesday, April 15th will be paid a dividend of 0.0433 per share on Tuesday, April 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend is Monday, March 31st.

Surge Energy Stock Performance

TSE SGY traded down C$0.06 during trading hours on Friday, reaching C$6.22. The stock had a trading volume of 648,847 shares, compared to its average volume of 593,992. Surge Energy has a 52-week low of C$4.80 and a 52-week high of C$8.16. The stock has a fifty day moving average of C$5.62 and a 200 day moving average of C$5.78. The company has a debt-to-equity ratio of 31.48, a quick ratio of 0.40 and a current ratio of 0.66. The stock has a market cap of C$625.50 million, a P/E ratio of -7.80, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54.

Wall Street Analyst Weigh In

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

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.