Surge Energy Inc (SGY) Plans Monthly Dividend of C$0.05
Surge Energy (TSE:SGY) declared a Monthly dividend on Wednesday, August 27th, Analyst Ratings Net reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.05 per share on Monday, September 15th. This represents a yield of 6.88%. The ex-dividend date of this dividend is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Surge Energy from C$8.00 to C$8.50 in a research note on Tuesday, August 5th. They now have a “hold” rating on the stock. On the ratings front, analysts at Dundee Securities raised their price target on shares of Surge Energy from C$9.25 to C$10.00 in a research note on Friday, August 1st. Finally, analysts at NBF raised their price target on shares of Surge Energy from C$8.50 to C$10.00 in a research note on Friday, August 1st. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$8.55.
Shares of Surge Energy (TSE:SGY) opened at 8.70 on Wednesday. Surge Energy has a 52 week low of $5.51 and a 52 week high of $8.82. The stock has a 50-day moving average of $8.08 and a 200-day moving average of $7.06. The company has a market cap of $1.894 billion and a P/E ratio of 24.00.
Surge Energy (TSE:SGY) last issued its quarterly earnings data on Friday, August 1st. The company reported $0.20 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.17.
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