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. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.0433 per share on Tuesday, April 15th. This represents a $0.52 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date of this dividend is Monday, March 31st.

Surge Energy Price Performance

Shares of TSE:SGY traded down C$0.06 during midday trading on Friday, reaching C$6.22. The company’s stock had a trading volume of 648,847 shares, compared to its average volume of 593,992. The business’s fifty day simple moving average is C$5.62 and its 200-day simple moving average is C$5.78. The company has a debt-to-equity ratio of 31.48, a current ratio of 0.66 and a quick ratio of 0.40. Surge Energy has a fifty-two week low of C$4.80 and a fifty-two week high of C$8.16. The company has a market capitalization of C$625.50 million, a P/E ratio of -7.80, a P/E/G ratio of 0.59 and a beta of 2.54.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered their price target on shares of Surge Energy from C$11.00 to C$9.00 in a 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.