Surge Energy Inc. (TSE:SGY – Get Rating) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$8.51 and traded as low as C$7.76. Surge Energy shares last traded at C$7.79, with a volume of 258,092 shares trading hands.
Wall Street Analyst Weigh In
SGY has been the subject of several research analyst reports. Canaccord Genuity Group cut their target price on shares of Surge Energy from C$14.75 to C$13.75 in a research note on Wednesday, March 29th. National Bankshares cut their target price on shares of Surge Energy from C$13.00 to C$12.00 in a research note on Tuesday, April 18th. Finally, Stifel Nicolaus cut their target price on shares of Surge Energy from C$12.00 to C$11.75 in a research note on Thursday, May 4th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$13.67.
Surge Energy Stock Down 3.2 %
The company has a debt-to-equity ratio of 39.28, a current ratio of 0.51 and a quick ratio of 0.40. The company’s 50-day simple moving average is C$8.51 and its 200 day simple moving average is C$8.89. The firm has a market cap of C$765.99 million, a P/E ratio of 2.48, a price-to-earnings-growth ratio of 0.59 and a beta of 2.77.
Surge Energy Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a $0.04 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.48 annualized dividend and a dividend yield of 6.16%. Surge Energy’s dividend payout ratio (DPR) is presently 15.29%.
About Surge Energy
Surge Energy Inc explores for, develops, and produces oil and gas in western Canada. The company holds interest in the Greater Sawn Lake assets located in Northern Alberta; Valhalla/Wembley property located in northwestern Alberta; Sparky assets located between Provost and Wainwright in eastern Alberta and western Saskatchewan; and Shaunavon properties located to the southwest of Swift Current, Saskatchewan.
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for Surge Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Surge Energy and related companies with MarketBeat.com's FREE daily email newsletter.