Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) announced a dividend on Tuesday, December 24th,investing.com reports. Shareholders of record on Wednesday, January 1st will be given a dividend of 0.0305 per share on Wednesday, January 15th. This represents a yield of 9.82%. The ex-dividend date of this dividend is Tuesday, December 31st.
Surge Energy Stock Performance
Surge Energy stock opened at $3.80 on Thursday. Surge Energy has a 12 month low of $3.45 and a 12 month high of $6.01. The company’s fifty day simple moving average is $4.04 and its 200-day simple moving average is $4.56.
Wall Street Analysts Forecast Growth
Separately, Raymond James began coverage on Surge Energy in a research note on Friday, October 18th. They issued an “outperform” rating and a $9.00 target price on the stock.
About Surge Energy
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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