Surge Energy Inc. (SGY) To Go Ex-Dividend on July 31st

Surge Energy Inc. (TSE:SGY) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 17th will be given a dividend of 0.0433 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, July 31st.

Surge Energy Trading Up 1.6%

SGY stock traded up C$0.16 during trading on Wednesday, hitting C$9.87. The company had a trading volume of 90,598 shares, compared to its average volume of 894,375. Surge Energy has a one year low of C$6.42 and a one year high of C$10.65. The company has a current ratio of 0.58, a quick ratio of 0.40 and a debt-to-equity ratio of 34.75. The business has a 50-day moving average of C$9.66 and a 200-day moving average of C$8.84. The stock has a market cap of C$988.91 million, a PE ratio of 141.00, a PEG ratio of 0.59 and a beta of -0.39.

Surge Energy (TSE:SGY) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C($0.25) EPS for the quarter. The company had revenue of C$75.00 million during the quarter. Surge Energy had a return on equity of 1.01% and a net margin of 1.39%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SGY shares. Raymond James Financial boosted their price objective on Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a report on Tuesday, June 2nd. ATB Cormark Capital Markets lifted their price target on Surge Energy from C$12.00 to C$13.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Canaccord Genuity Group upped their target price on Surge Energy from C$12.00 to C$13.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Acumen Capital lifted their price objective on Surge Energy from C$13.25 to C$13.75 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, National Bank Financial increased their price target on shares of Surge Energy from C$12.75 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, June 2nd. Five research analysts have rated the stock with a Buy rating, According to MarketBeat, Surge Energy presently has an average rating of “Buy” and an average target price of C$13.25.

About Surge Energy

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.