Surge Energy Inc. Plans Dividend of $0.03 (OTCMKTS:ZPTAF)

Surge Energy Inc. (OTCMKTS:ZPTAF – Get Rating) declared a dividend on Wednesday, June 22nd, investing.com reports. Shareholders of record on Thursday, June 30th will be given a dividend of 0.027 per share on Friday, July 15th. This represents a yield of 3.83%. The ex-dividend date is Wednesday, June 29th.

Shares of ZPTAF stock opened at $7.82 on Thursday. Surge Energy has a 1 year low of $2.65 and a 1 year high of $10.93. The firm’s 50 day moving average is $8.38 and its 200-day moving average is $6.34.

A number of brokerages have recently issued reports on ZPTAF. National Bank Financial upped their target price on shares of Surge Energy from C$14.50 to C$16.50 in a research report on Thursday, June 16th. BMO Capital Markets upped their target price on shares of Surge Energy from C$11.00 to C$12.00 in a research report on Friday, May 6th. National Bankshares upgraded shares of Surge Energy to a “buy” rating and set a $14.50 target price on the stock in a research report on Thursday, April 14th. Finally, Stifel Nicolaus raised their target price on shares of Surge Energy from C$11.50 to C$12.75 in a research note on Monday, May 9th.

Surge Energy Company Profile (Get Rating)

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.

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