Surge Energy Inc (SGY) To Go Ex-Dividend on February 27th

Surge Energy Inc (TSE:SGY) announced a monthly dividend on Wednesday, February 27th, TickerTech reports. Shareholders of record on Friday, March 15th will be paid a dividend of 0.0083 per share on Friday, March 15th. This represents a $0.10 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Wednesday, February 27th.

Surge Energy stock traded up C$0.01 during mid-day trading on Tuesday, reaching C$1.39. The company had a trading volume of 276,796 shares, compared to its average volume of 1,143,311. Surge Energy has a fifty-two week low of C$1.22 and a fifty-two week high of C$2.76. The company has a debt-to-equity ratio of 37.50, a current ratio of 0.92 and a quick ratio of 0.77. The firm has a market capitalization of $423.72 million and a P/E ratio of -73.16.

Get Surge Energy alerts:

A number of analysts have weighed in on the stock. BMO Capital Markets cut their target price on shares of Surge Energy from C$3.50 to C$3.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 30th. CIBC cut their target price on shares of Surge Energy from C$3.00 to C$2.50 in a research report on Thursday, November 22nd. Royal Bank of Canada cut their target price on shares of Surge Energy from C$3.00 to C$2.50 in a research report on Tuesday, January 8th. Canaccord Genuity cut their price target on shares of Surge Energy from C$3.75 to C$2.75 in a report on Thursday, January 10th. Finally, GMP Securities lowered shares of Surge Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from C$3.00 to C$1.85 in a report on Thursday, December 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Surge Energy currently has a consensus rating of “Buy” and a consensus price target of C$2.60.

In other Surge Energy news, insider James Leigh Stannard purchased 25,000 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were bought at an average price of C$1.62 per share, for a total transaction of C$40,500.00. In the last quarter, insiders have bought 57,092 shares of company stock worth $87,323.

WARNING: “Surge Energy Inc (SGY) To Go Ex-Dividend on February 27th” was first posted by Ticker Report and is owned by of Ticker Report. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4181698/surge-energy-inc-sgy-to-go-ex-dividend-on-february-27th.html.

Surge Energy Company Profile

Surge Energy Inc engages in the exploration, development, and production of oil and gas properties in western Canada. The company holds interests in the Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta; the Nipisi property located to the north of the town of Slave Lake, in northwestern Alberta; and the Nevis property located to the east of Red Deer, Alberta.

Recommended Story: What are the benefits of a balanced fund?