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Zargon Oil and Gas (TSE:ZAR) announced a Monthly dividend on Wednesday, August 27th, Analyst Ratings News reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.06 per share on Monday, September 15th. This represents a dividend yield of 8.85%. The ex-dividend date is Wednesday, August 27th.

ZAR has been the subject of a number of recent research reports. Analysts at BMO Capital Markets cut their price target on shares of Zargon Oil and Gas from C$10.50 to C$10.00 in a research note on Tuesday, August 12th. They now have a “market perform” rating on the stock. Analysts at TD Securities cut their price target on shares of Zargon Oil and Gas from C$10.50 to C$10.00 in a research note on Tuesday, August 12th. They now have a “hold” rating on the stock.

Zargon Oil and Gas (TSE:ZAR) opened at 8.02 on Wednesday. Zargon Oil and Gas has a one year low of $6.99 and a one year high of $9.90. The stock’s 50-day moving average is $8.57 and its 200-day moving average is $8.77. The company’s market cap is $241.7 million.

Zargon Oil and Gas (TSE:ZAR) last released its earnings data on Tuesday, August 12th. The company reported ($0.07) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.08 by $0.15. On average, analysts predict that Zargon Oil and Gas will post $0.51 earnings per share for the current fiscal year.

Zargon Oil & Gas Ltd. (TSE:ZAR), formerly Zargon Energy Trust, is engaged in the business of oil and natural gas exploration, exploitation, development, acquisition and production in Canada and the United States.

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