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

Tamarack Valley Energy Ltd (TSE:TVE) declared a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Shareholders 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 yield of 3.39%. The ex-dividend date of this dividend is Friday, January 31st.

Tamarack Valley Energy Trading Down 1.5 %

Shares of Tamarack Valley Energy stock opened at C$4.50 on Wednesday. Tamarack Valley Energy has a 1-year low of C$2.90 and a 1-year high of C$5.05. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The stock has a market cap of C$2.45 billion, a P/E ratio of 19.57 and a beta of 2.49. The stock’s 50 day simple moving average is C$4.58 and its 200-day simple moving average is C$4.20.

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

Insider Buying and Selling 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 that occurred on Friday, December 13th. The shares were sold at an average price of C$4.42, for a total transaction of C$42,732.56. 1.32% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on TVE. BMO Capital Markets lifted 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. Raymond James raised Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. Canaccord Genuity Group boosted their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. Royal Bank of Canada increased their target price on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, CIBC boosted their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.