Surge Energy (OTCMKTS:ZPTAF) Stock Price Up 1.8% – Time to Buy?
by Scott Moore · The Cerbat GemShares of Surge Energy Inc. (OTCMKTS:ZPTAF – Get Free Report) rose 1.8% during mid-day trading on Thursday . The stock traded as high as $4.7620 and last traded at $4.7460. Approximately 32,656 shares traded hands during trading, a decline of 44% from the average daily volume of 58,371 shares. The stock had previously closed at $4.66.
Wall Street Analyst Weigh In
Separately, Raymond James Financial downgraded Surge Energy from an “outperform” rating to a “market perform” rating in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Report on Surge Energy
Surge Energy Price Performance
The company’s fifty day moving average is $5.04 and its 200-day moving average is $5.00.
Surge Energy Cuts Dividend
The firm also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.0309 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 717.0%. Surge Energy’s dividend payout ratio is presently 104.97%.
Surge Energy Company Profile
Surge Energy Inc is a Calgary-based oil and natural gas exploration and production company trading on the OTC Markets under the ticker ZPTAF. The company focuses on the development of light crude oil, natural gas liquids and natural gas assets across western Canada. Surge’s operations emphasize efficient capital deployment and cost control to optimize production from its resource plays.
Surge Energy holds acreage in key western Canadian resource basins, including the Montney and Duvernay formations in Alberta, the Viking play in Saskatchewan and the Mannville group in Alberta.