Tamarack Valley Energy Ltd (TVE) to Issue Monthly Dividend of $0.01 on February 14th

Tamarack Valley Energy Ltd (TSE:TVE) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0127 per share on Friday, February 14th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, January 31st.

Tamarack Valley Energy Trading Down 0.7 %

Tamarack Valley Energy stock traded down C$0.03 during trading hours on Wednesday, reaching C$4.47. The stock had a trading volume of 215,750 shares, compared to its average volume of 1,998,126. The stock has a market cap of C$2.43 billion, a PE ratio of 19.43 and a beta of 2.49. The company has a fifty day simple moving average of C$4.58 and a 200-day simple moving average of C$4.20. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. Tamarack Valley Energy has a 52 week low of C$2.90 and a 52 week high of C$5.05.

Tamarack Valley Energy (TSE:TVE) last released 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%. Analysts forecast that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Insider Buying and Selling at Tamarack Valley Energy

In other news, Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$4.42, for a total value of C$42,732.56. Corporate insiders own 1.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TVE shares. CIBC lifted their price objective on Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. Acumen Capital upped their price target on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. National Bankshares dropped their target price on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Canaccord Genuity Group increased their price target on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. Finally, Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Tamarack Valley Energy has a consensus rating of “Moderate Buy” and an average price target of C$5.70.

Tamarack Valley Energy Company Profile

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.