Surge Energy Inc (TSE:SGY) announced a monthly dividend on Tuesday, July 30th, TickerTech reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.0083 per share on Thursday, August 15th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 7.78%. The ex-dividend date is Tuesday, July 30th.

SGY stock opened at C$1.28 on Friday. The company has a quick ratio of 0.69, a current ratio of 0.79 and a debt-to-equity ratio of 56.97. The firm has a 50 day moving average of C$1.23. The stock has a market capitalization of $401.89 million and a price-to-earnings ratio of -4.34. Surge Energy has a 1 year low of C$1.06 and a 1 year high of C$2.73.

Surge Energy (TSE:SGY) last issued its quarterly earnings data on Monday, May 6th. The company reported C($0.03) earnings per share for the quarter. The company had revenue of C$97.87 million during the quarter. Equities research analysts forecast that Surge Energy will post 0.03 earnings per share for the current fiscal year.

Several brokerages recently weighed in on SGY. National Bank Financial lowered their price objective on Yangarra Resources from C$5.50 to C$5.00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. CIBC reiterated a “hold” rating and issued a $2.50 price objective on shares of Advantage Oil & Gas in a research report on Thursday, July 18th. Raymond James reiterated a “hold” rating on shares of PrairieSky Royalty in a research report on Thursday, July 11th. Canaccord Genuity reiterated a “buy” rating and issued a $7.50 price objective on shares of in a research report on Tuesday, July 9th. Finally, TD Securities lowered Tricon Capital Group from an “action list buy” rating to a “buy” rating and lowered their price objective for the stock from C$14.50 to C$13.50 in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of C$2.34.

Surge Energy Company Profile

Surge Energy Inc engages in the exploration, development, and production of oil and gas in western Canada. It holds interest in the Greater Sawn Lake assets located in Northern Alberta; Nipisi property located to the north of the town of Slave Lake in northwestern Alberta; and Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta.

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Dividend History for Surge Energy (TSE:SGY)

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