Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) shares were down 2% during mid-day trading on Monday . The company traded as low as $4.84 and last traded at $4.88. Approximately 17,743 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 67,030 shares. The stock had previously closed at $4.98.
Analyst Ratings Changes
Separately, Roth Capital started coverage on shares of Surge Energy in a research report on Monday. They set a “buy” rating for the company.
Check Out Our Latest Stock Analysis on ZPTAF
Surge Energy Price Performance
Surge Energy Increases Dividend
The firm also recently declared a dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 1st will be paid a $0.032 dividend. This represents a yield of 7.87%. The ex-dividend date is Monday, June 30th. This is a positive change from Surge Energy’s previous dividend of $0.03. Surge Energy’s dividend payout ratio is presently 104.97%.
Surge Energy Company Profile
Surge Energy Inc explores, develops, and produces oil and gas in western Canada. Its principal properties are located in the areas of Sparky, Southeast Saskatchewan, Carbonates, Valhalla, and Shaunavon in Alberta and Saskatchewan. The company was formerly known as Zapata Energy Corporation and changed its name to Surge Energy Inc in June 2010.
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