Surge Energy Inc. (TSE:SGY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$5.57 and traded as high as C$6.23. Surge Energy shares last traded at C$6.22, with a volume of 352,624 shares traded.
Analyst Ratings Changes
Separately, Raymond James Financial upgraded Surge Energy from a "hold" rating to a "moderate buy" rating and boosted their price objective for the company from C$6.00 to C$8.00 in a research report on Thursday, July 3rd.
Check Out Our Latest Report on SGY
Surge Energy Price Performance
The company has a debt-to-equity ratio of 31.48, a quick ratio of 0.40 and a current ratio of 0.66. The company has a 50-day moving average of C$5.62 and a 200-day moving average of C$5.57. The firm has a market capitalization of C$652.66 million, a price-to-earnings ratio of -8.14, a price-to-earnings-growth ratio of 0.59 and a beta of 2.54.
Surge Energy Announces Dividend
The company also recently declared a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.0433 per share. This represents a $0.52 dividend on an annualized basis and a yield of 8.01%. The ex-dividend date of this dividend was Wednesday, April 30th. Surge Energy's dividend payout ratio (DPR) is currently -65.21%.
Insiders Place Their Bets
In other news, Senior Officer Murray Bye purchased 11,845 shares of Surge Energy stock in a transaction on Friday, May 9th. The stock was purchased at an average price of C$4.88 per share, with a total value of C$57,803.60. 1.97% of the stock is currently owned by company insiders.
Surge Energy Company Profile
(
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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.
Further Reading
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