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

Tamarack Valley Energy Ltd (TSE:TVE) declared a monthly dividend on Tuesday, September 17th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.013 per share on Tuesday, October 15th. This represents a $0.16 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Friday, September 27th.

Tamarack Valley Energy Trading Down 2.2 %

TSE TVE opened at C$4.05 on Thursday. Tamarack Valley Energy has a twelve month low of C$2.76 and a twelve month high of C$4.34. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.80 and a current ratio of 0.90. The stock has a market cap of C$2.20 billion, a price-to-earnings ratio of 17.61 and a beta of 2.50. The firm’s 50 day moving average price is C$3.92 and its two-hundred day moving average price is C$3.81.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data on Thursday, August 1st. 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%. The firm had revenue of C$382.98 million for the quarter.

Insider Activity

In other Tamarack Valley Energy news, Senior Officer Christine Ezinga bought 8,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of C$3.67 per share, with a total value of C$29,367.20. In other Tamarack Valley Energy news, Senior Officer Christine Ezinga bought 8,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of C$3.67 per share, with a total value of C$29,367.20. Also, Senior Officer Brian Leslie Schmidt bought 30,000 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was acquired at an average cost of C$3.86 per share, for a total transaction of C$115,800.00. Over the last 90 days, insiders purchased 55,950 shares of company stock valued at $215,142. Insiders own 1.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Desjardins set a C$5.00 price objective on shares of Tamarack Valley Energy and gave the stock a “buy” rating in a research report on Tuesday, June 25th. CIBC boosted their price target on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Monday, July 15th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Tamarack Valley Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$5.00.

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.