Surge Energy (SGY) Scheduled to Post Earnings on Wednesday

Surge Energy (TSE:SGY – Get Rating) will issue its quarterly earnings data after the market closes on Wednesday, March 8th. Analysts expect the company to announce earnings of C$0.34 per share for the quarter.

Surge Energy Stock Down 0.8 %

TSE:SGY opened at C$8.81 on Wednesday. The firm has a market capitalization of C$849.99 million, a P/E ratio of 7.59, a PEG ratio of 0.59 and a beta of 2.76. Surge Energy has a 1-year low of C$7.15 and a 1-year high of C$13.68. The company’s fifty day moving average price is C$9.10 and its 200-day moving average price is C$9.21. The company has a debt-to-equity ratio of 43.07, a current ratio of 0.43 and a quick ratio of 0.40.

Surge Energy Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend is Monday, February 27th. Surge Energy’s dividend payout ratio (DPR) is presently 41.38%.

Analyst Ratings Changes

Several research analysts have recently weighed in on SGY shares. Stifel Nicolaus set a C$10.25 target price on Surge Energy and gave the stock a “buy” rating in a report on Friday, January 13th. Cormark reaffirmed a “top pick” rating and set a C$15.50 price objective on shares of Surge Energy in a research report on Wednesday, November 23rd. Stifel Firstegy reaffirmed a “buy” rating on shares of Surge Energy in a research report on Thursday, January 12th. Finally, Raymond James lowered their target price on shares of Surge Energy from C$15.00 to C$14.00 and set an “outperform” rating for the company in a research note on Monday, January 16th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$13.75.

Surge Energy Company Profile

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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.