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

Tamarack Valley Energy Ltd (TSE:TVE) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.0127 per share on Friday, March 14th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, February 28th.

Tamarack Valley Energy Stock Performance

Shares of TSE:TVE traded up C$0.06 on Wednesday, hitting C$4.40. 541,465 shares of the company were exchanged, compared to its average volume of 2,054,830. Tamarack Valley Energy has a 1-year low of C$3.31 and a 1-year high of C$5.05. The stock’s 50 day moving average price is C$4.60 and its 200 day moving average price is C$4.29. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. The firm has a market capitalization of C$2.32 billion, a P/E ratio of 11.27 and a beta of 2.49.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on TVE shares. CIBC boosted their price target on shares of 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 company a “buy” rating in a research note on Friday, November 1st. National Bankshares cut their price objective on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Royal Bank of Canada raised their price objective on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets raised their price objective on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$5.75.

Insider Buying and Selling at Tamarack Valley Energy

In other news, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy stock in a transaction dated Friday, December 13th. The stock was 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.

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.