Tamarack Valley Energy Ltd (TVE) To Go Ex-Dividend on December 30th

Tamarack Valley Energy Ltd (TSE:TVE) announced a monthly dividend on Monday, December 30th,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.0127 per share on Wednesday, January 15th. This represents a $0.15 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Monday, December 30th.

Tamarack Valley Energy Price Performance

TVE stock opened at C$4.61 on Friday. Tamarack Valley Energy has a one year low of C$2.90 and a one year high of C$4.70. The firm has a 50-day moving average of C$4.32 and a two-hundred day moving average of C$4.03. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72. The firm has a market capitalization of C$2.51 billion, a PE ratio of 20.04 and a beta of 2.49.

Insider Activity at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy stock in a transaction dated 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 owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. CIBC upped their price target on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their target price on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets raised their price target on Tamarack Valley Energy from C$5.50 to C$6.00 in a research note on Friday, December 13th. Finally, National Bankshares lowered their price target on 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$5.48.

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.