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

Tamarack Valley Energy Ltd (TSE:TVE) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.0127 per share on Friday, March 14th. This represents a $0.15 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, February 28th.

Tamarack Valley Energy Stock Up 1.4 %

Shares of TSE:TVE traded up C$0.06 during midday trading on Wednesday, hitting C$4.40. 477,765 shares of the company’s stock traded hands, compared to its average volume of 2,053,259. Tamarack Valley Energy has a twelve month low of C$3.31 and a twelve month high of C$5.05. The company has a market cap of C$2.32 billion, a PE ratio of 11.27 and a beta of 2.49. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The firm’s fifty day moving average price is C$4.60 and its two-hundred day moving average price is C$4.29.

Analysts Set New Price Targets

Several brokerages have recently commented on TVE. Canaccord Genuity Group lifted their target price on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. CIBC boosted their price target on Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. National Bankshares decreased 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. BMO Capital Markets lifted their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research note on Thursday, February 13th. Finally, Acumen Capital upped their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Tamarack Valley Energy currently has an average rating of “Moderate Buy” and an average target price of C$5.75.

Insider Buying and Selling

In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$4.42, for a total transaction of C$42,732.56. 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.