Surge Energy Inc. (SGY) to Issue Monthly Dividend of $0.04 on July 15th

Surge Energy Inc. (TSE:SGY) declared a monthly dividend on Monday, June 17th, Zacks reports. Stockholders of record on Sunday, June 30th will be paid a dividend of 0.04 per share on Monday, July 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date is Friday, June 28th.

Surge Energy Stock Performance

TSE:SGY opened at C$6.88 on Wednesday. The company has a debt-to-equity ratio of 34.03, a quick ratio of 0.40 and a current ratio of 0.38. Surge Energy has a fifty-two week low of C$5.89 and a fifty-two week high of C$9.77. The company has a 50 day simple moving average of C$7.23 and a two-hundred day simple moving average of C$6.93. The company has a market capitalization of C$691.99 million, a PE ratio of 4.25, a P/E/G ratio of 0.59 and a beta of 2.66.

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

Analyst Ratings Changes

Separately, BMO Capital Markets set a C$10.00 price objective on Surge Energy and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$11.79.

Insider Transactions at Surge Energy

In related news, Senior Officer Jared Andrew Renton Ducs sold 12,515 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$7.98, for a total value of C$99,869.70. Insiders own 1.99% of the company’s stock.

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.