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. 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 dividend yield of 3.39%. The ex-dividend date of this dividend is Friday, January 31st.

Tamarack Valley Energy Stock Down 1.5 %

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 firm has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 19.57 and a beta of 2.49. The firm’s fifty day moving average price is C$4.58 and its two-hundred day moving average price is C$4.20. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings data 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%. On average, equities research analysts predict that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TVE. National Bankshares dropped their price target on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Acumen Capital raised 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. BMO Capital Markets raised 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 shares of Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. Finally, CIBC lifted their price objective on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$5.70.

Insider Transactions 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 shares were 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.

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.