Surge Energy Inc. (TSE:SGY - Get Free Report) announced a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be given a dividend of 0.0433 per share on Thursday, May 15th. This represents a $0.52 annualized dividend and a yield of 11.13%. The ex-dividend date of this dividend is Wednesday, April 30th.
Surge Energy Price Performance
TSE:SGY traded down C$0.22 during trading hours on Wednesday, hitting C$4.67. 439,169 shares of the stock traded hands, compared to its average volume of 598,853. The company has a market cap of C$469.63 million, a price-to-earnings ratio of -5.86, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54. Surge Energy has a 1 year low of C$4.37 and a 1 year high of C$7.45. The stock has a 50 day moving average price of C$5.33 and a 200 day moving average price of C$5.59. The company has a quick ratio of 0.40, a current ratio of 0.66 and a debt-to-equity ratio of 31.48.
Analyst Ratings Changes
Separately, Raymond James lowered shares of Surge Energy from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from C$8.50 to C$6.00 in a research report on Wednesday, April 9th.
Check Out Our Latest Stock Analysis on SGY
About Surge Energy
(
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Surge Energy Inc is engaged in the exploration, development, and production of oil and gas from properties in western Canada. The company generates its revenue from the sale of petroleum and natural gas products such as Oil, Natural gas liquids and Natural gas, of which a majority of the revenue is derived from the sale of oil.
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