Surge Energy Inc. (SGY) To Go Ex-Dividend on June 30th

Surge Energy Inc. (TSE:SGY) declared a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Shareholders of record on Wednesday, July 15th will be given a dividend of 0.0433 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Surge Energy Stock Performance

SGY opened at C$9.22 on Friday. The firm’s fifty day simple moving average is C$9.73 and its two-hundred day simple moving average is C$8.42. Surge Energy has a 52-week low of C$6.05 and a 52-week high of C$10.65. The company has a market cap of C$923.79 million, a price-to-earnings ratio of 131.71, a PEG ratio of 0.59 and a beta of -0.42. The company has a quick ratio of 0.40, a current ratio of 0.58 and a debt-to-equity ratio of 34.75.

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

Analyst Ratings Changes

Several research firms recently issued reports on SGY. Acumen Capital lifted their price objective on Surge Energy from C$13.25 to C$13.75 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. ATB Cormark Capital Markets raised their target price on Surge Energy from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Raymond James Financial 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 increased their price objective on Surge Energy from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Finally, National Bank Financial increased their price objective on Surge Energy from C$12.75 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$12.46.

Surge Energy Company Profile

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.