Shares of Surge Energy Inc. (TSE:SGY - Get Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$5.28 and traded as low as C$4.53. Surge Energy shares last traded at C$4.53, with a volume of 342,320 shares traded.
Analyst Ratings Changes
Separately, Raymond James cut Surge Energy from an "outperform" rating to a "market perform" rating and lowered their target price for the company from C$8.50 to C$6.00 in a research note on Wednesday, April 9th.
Check Out Our Latest Report on SGY
Surge Energy Stock Down 4.8 %
The company has a debt-to-equity ratio of 31.48, a current ratio of 0.66 and a quick ratio of 0.40. The stock's 50 day simple moving average is C$5.28 and its two-hundred day simple moving average is C$5.56. The firm has a market cap of C$455.55 million, a P/E ratio of -5.68, a P/E/G ratio of 0.59 and a beta of 2.54.
Surge Energy Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0433 per share. This represents a $0.52 dividend on an annualized basis and a yield of 11.47%. The ex-dividend date of this dividend is Wednesday, April 30th. Surge Energy's payout ratio is -65.21%.
About Surge Energy
(
Get Free Report)
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.
Further Reading
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