Tamarack Valley Energy Ltd to Issue Monthly Dividend of $0.01 (TSE:TVE)

Tamarack Valley Energy Ltd (TSE:TVE) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0127 per share on Friday, February 14th. This represents a $0.15 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Friday, January 31st.

Tamarack Valley Energy Stock Performance

Shares of TSE:TVE opened at C$4.50 on Wednesday. The company’s 50 day moving average price is C$4.58 and its two-hundred day moving average price is C$4.20. Tamarack Valley Energy has a 12-month low of C$2.90 and a 12-month high of C$5.05. The firm has a market cap of C$2.45 billion, a PE ratio of 19.57 and a beta of 2.49. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings results on Thursday, October 31st. The company reported C$0.17 earnings per share for the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%. Equities research analysts predict that Tamarack Valley Energy will post 0.1386527 earnings per share for the current year.

Insider Transactions at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$4.42, for a total value of C$42,732.56. 1.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TVE has been the subject of several research reports. National Bankshares dropped their price objective on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Raymond James upgraded shares of Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets upped their price target on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday, December 13th. Royal Bank of Canada upped their price target on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Acumen Capital upped their price target on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “buy” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tamarack Valley Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$5.70.

About Tamarack Valley Energy

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater and Westlock in Alberta, as well as in the Consort area of southeast Alberta and Hoosier area of southwest Saskatchewan; Barons Sands light oil plays located in the Penny area of Southern Alberta; and heavy oil properties located in Hatton area of Saskatchewan.