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

Tamarack Valley Energy Ltd (TSE:TVE) declared 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 3.39%. The ex-dividend date is Friday, January 31st.

Tamarack Valley Energy Stock Performance

TVE 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 business has a 50-day moving average price of C$4.58 and a 200 day moving average price of C$4.20. The company has a market capitalization of C$2.45 billion, a P/E ratio of 19.57 and a beta of 2.49. 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 (TSE:TVE) last announced 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%. As a group, equities research analysts forecast that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Insider Activity at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction on 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 insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TVE shares. Canaccord Genuity Group boosted their price target on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. BMO Capital Markets increased 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. National Bankshares cut their price objective 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. CIBC raised their target price on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research note on Friday, January 17th. Finally, Royal Bank of Canada upped their price target 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Tamarack Valley Energy has an average rating of “Moderate Buy” and a consensus 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.