Shares of Surge Energy Inc. (TSE:SGY – Get Free Report) hit a new 52-week high on Monday. The stock traded as high as C$13.39 and last traded at C$13.35, with a volume of 410,388 shares traded. The stock had previously closed at C$13.24.
Wall Street Analysts Forecast Growth
Separately, ATB Cormark Capital Markets increased their target price on shares of Surge Energy from C$13.00 to C$15.00 and gave the stock an “outperform” rating in a report on Thursday, September 17th. Five research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$13.65.
Read Our Latest Stock Report on SGY
Surge Energy Stock Up 0.7%
The stock has a fifty day moving average price of C$11.65 and a 200-day moving average price of C$10.37. The firm has a market cap of C$1.32 billion, a PE ratio of 30.30, a PEG ratio of 0.59 and a beta of -0.26. The company has a debt-to-equity ratio of 31.11, a quick ratio of 0.40 and a current ratio of 1.04.
Surge Energy (TSE:SGY – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C$0.68 earnings per share (EPS) for the quarter. Surge Energy had a return on equity of 6.18% and a net margin of 8.01%. The company had revenue of C$191.22 million for the quarter.
Surge Energy Dividend Announcement
The firm also recently declared a monthly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 17th were issued a $0.0433 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, July 31st. Surge Energy’s dividend payout ratio is presently 118.18%.
About Surge Energy
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.
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