Surge Energy (TSE:SGY) Shares Pass Above 50 Day Moving Average – Time to Sell?

Surge Energy Inc. (TSE:SGYGet Free Report)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$5.71 and traded as high as C$5.86. Surge Energy shares last traded at C$5.82, with a volume of 784,638 shares trading hands.

Analyst Upgrades and Downgrades

SGY has been the topic of a number of research reports. BMO Capital Markets dropped their target price on Surge Energy from C$11.00 to C$9.00 in a report on Friday, December 13th. Raymond James upgraded shares of Surge Energy to a “moderate buy” rating in a research report on Thursday, October 17th. Finally, Canaccord Genuity Group decreased their target price on Surge Energy from C$11.00 to C$10.50 in a research note on Tuesday, October 22nd.

View Our Latest Report on Surge Energy

Surge Energy Stock Up 0.5 %

The company has a debt-to-equity ratio of 29.47, a current ratio of 0.50 and a quick ratio of 0.40. The firm has a market capitalization of C$583.86 million, a PE ratio of 3.59, a P/E/G ratio of 0.59 and a beta of 2.54. The company has a 50-day moving average price of C$5.71 and a 200 day moving average price of C$6.14.

Surge Energy (TSE:SGYGet Free Report) last announced its earnings results on Wednesday, November 6th. The company reported C$0.17 EPS for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.08). Surge Energy had a negative net margin of 14.28% and a negative return on equity of 10.03%.

Surge Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Tuesday, February 18th will be given a $0.0433 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date of this dividend is Friday, January 31st. Surge Energy’s dividend payout ratio is presently 32.10%.

Insider Activity

In related news, Director James Murray Pasieka sold 11,213 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$5.23, for a total transaction of C$58,643.99. Company insiders own 1.97% of the company’s stock.

Surge Energy Company Profile

(Get Free Report)

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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