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

Tamarack Valley Energy Ltd (TSE:TVE) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Stockholders of record on Monday, December 16th will be paid a dividend of 0.0127 per share on Monday, December 16th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Friday, November 29th. This is an increase from Tamarack Valley Energy’s previous monthly dividend of $0.01.

Tamarack Valley Energy Trading Up 0.2 %

TVE traded up C$0.01 during trading hours on Wednesday, reaching C$4.41. The company’s stock had a trading volume of 393,944 shares, compared to its average volume of 2,444,480. The stock has a market cap of C$2.40 billion, a PE ratio of 19.13 and a beta of 2.49. Tamarack Valley Energy has a fifty-two week low of C$2.76 and a fifty-two week high of C$4.62. 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 business’s 50-day moving average is C$4.17 and its 200-day moving average is C$3.92.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TVE shares. Royal Bank of Canada upped their price target 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. Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. Acumen Capital boosted 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 note on Friday, November 1st. CIBC upped their price objective on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, National Bankshares lifted their target price on shares of Tamarack Valley Energy from C$6.75 to C$7.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.23.

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.