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

Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) announced a monthly dividend on Friday, January 31st,TickerTech Dividends reports. Investors 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 3.46%. The ex-dividend date is Friday, January 31st.

Tamarack Valley Energy Price Performance

TSE:TVE traded down C$0.10 during trading hours on Friday, reaching C$4.41. 2,466,734 shares of the company's stock were exchanged, compared to its average volume of 2,128,055. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72. The company has a market capitalization of C$2.40 billion, a P/E ratio of 19.17 and a beta of 2.49. Tamarack Valley Energy has a 12 month low of C$2.90 and a 12 month high of C$5.05. The business's 50-day simple moving average is C$4.59 and its two-hundred day simple moving average is C$4.22.

Tamarack Valley Energy (TSE:TVE - Get Free Report) 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 return on equity of 5.94% and a net margin of 8.66%. Sell-side analysts expect that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Insider Transactions at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy stock in a transaction that occurred 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 currently owned by company insiders.

Analysts Set New Price Targets

TVE has been the subject of a number of analyst reports. National Bankshares reduced their price objective on shares of 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. CIBC upped their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. BMO Capital Markets lifted their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday, December 13th. Acumen Capital increased their target price on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Canaccord Genuity Group raised their target price on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Tamarack Valley Energy currently has a consensus rating of "Moderate Buy" and an average price target of C$5.70.

About Tamarack Valley Energy

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.