Surge Energy Inc. (TSE:SGY) Declares Monthly Dividend of $0.04

Surge Energy Inc. (TSE:SGY) declared a monthly dividend on Monday, July 15th, TickerTech reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.043 per share on Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 7.44%. The ex-dividend date is Tuesday, July 30th. This is a positive change from Surge Energy’s previous monthly dividend of $0.04.

Surge Energy Trading Up 0.3 %

TSE:SGY opened at C$6.94 on Monday. The firm has a fifty day simple moving average of C$7.00 and a 200-day simple moving average of C$7.02. Surge Energy has a 12 month low of C$5.89 and a 12 month high of C$9.77. The company has a current ratio of 0.38, a quick ratio of 0.40 and a debt-to-equity ratio of 34.03. The company has a market capitalization of C$698.03 million, a P/E ratio of 4.28, a PEG ratio of 0.59 and a beta of 2.66.

Surge Energy (TSE:SGY) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.17). Surge Energy had a negative return on equity of 0.32% and a negative net margin of 0.48%. The business had revenue of C$158.17 million during the quarter, compared to analyst estimates of C$158.95 million. On average, equities research analysts anticipate that Surge Energy will post 0.7599558 earnings per share for the current year.

About Surge Energy

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.