Surge Energy Inc (TSE:SGY) announced a monthly dividend on Tuesday, February 27th, TickerTech reports. Shareholders of record on Thursday, March 15th will be given a dividend of 0.0079 per share on Thursday, March 15th. This represents a $0.09 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date is Tuesday, February 27th.
Surge Energy (TSE SGY) traded up C$0.05 during trading on Thursday, hitting C$1.97. 170,088 shares of the stock were exchanged, compared to its average volume of 865,748. The company has a market cap of $447.34, a P/E ratio of -48.50 and a beta of 0.50. Surge Energy has a fifty-two week low of C$1.58 and a fifty-two week high of C$2.91.
Several brokerages recently commented on SGY. TD Securities dropped their target price on shares of Surge Energy from C$3.25 to C$3.00 in a report on Wednesday, February 14th. Eight Capital downgraded shares of Surge Energy from a “buy” rating to a “neutral” rating and dropped their target price for the stock from C$2.90 to C$2.60 in a report on Friday, October 27th. CIBC lifted their target price on shares of Surge Energy from C$2.25 to C$2.50 in a report on Thursday, November 16th. Finally, Scotiabank lifted their target price on shares of Surge Energy from C$2.50 to C$2.70 and gave the stock a “sector perform” rating in a report on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$2.84.
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Surge Energy Company Profile
Surge Energy Inc is a Canada-based exploration and production company (E&P). The Company is positioned to provide shareholders with long term sustainability by exploiting its assets in a financially disciplined manner and by acquiring additional long life oil and gas assets of a similar nature. Its assets are comprised primarily of operated oil-weighted properties characterized by a promising original oil-in-place (OOIP) crude oil reservoirs with low recovery factors and an inventory of around 700 gross low risk development drilling locations and several water flood projects.
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