Surge Energy Inc (SGY) to Issue Monthly Dividend of $0.01 on September 17th
Surge Energy Inc (TSE:SGY) declared a monthly dividend on Thursday, August 30th, TickerTech reports. Stockholders of record on Monday, September 17th will be paid a dividend of 0.0083 per share on Monday, September 17th. This represents a $0.10 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Thursday, August 30th. This is an increase from Surge Energy’s previous monthly dividend of $0.008.
Shares of SGY traded up C$0.01 during midday trading on Friday, hitting C$2.34. The company had a trading volume of 1,021,600 shares, compared to its average volume of 723,241. Surge Energy has a 1 year low of C$1.58 and a 1 year high of C$2.76.
Several equities analysts have recently issued reports on SGY shares. BMO Capital Markets lifted their price objective on Surge Energy from C$3.00 to C$3.25 in a research note on Wednesday, May 16th. CIBC lifted their price objective on Surge Energy from C$2.25 to C$2.75 in a research note on Wednesday, May 16th. National Bank Financial lifted their price objective on Surge Energy from C$3.00 to C$3.25 and gave the company an “outperform” rating in a research note on Wednesday, May 16th. Raymond James reiterated an “outperform” rating and issued a C$3.25 price objective on shares of Surge Energy in a research note on Monday, July 9th. Finally, GMP Securities lifted their price objective on Surge Energy from C$3.00 to C$3.50 in a research note on Wednesday, May 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$3.14.
Surge Energy Company Profile
Surge Energy Inc engages in the exploration, development, and production of oil and gas properties in western Canada. The company holds interests in the Valhalla/Wembley property located to the northwest of Grand Prairie in northwestern Alberta; the Nipisi property located to the north of the town of Slave Lake, in northwestern Alberta; and the Nevis property located to the east of Red Deer, Alberta.
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