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

Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) announced a monthly dividend on Tuesday, October 15th, TickerTech reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.0125 per share on Friday, November 15th. This represents a $0.15 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, October 31st.

Tamarack Valley Energy Price Performance

Shares of TSE TVE traded down C$0.12 during mid-day trading on Wednesday, reaching C$3.89. The company had a trading volume of 4,477,626 shares, compared to its average volume of 2,336,194. The firm has a market cap of C$2.12 billion, a price-to-earnings ratio of 16.91 and a beta of 2.49. The business's 50-day simple moving average is C$3.95 and its 200 day simple moving average is C$3.85. Tamarack Valley Energy has a one year low of C$2.76 and a one year 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.

Tamarack Valley Energy (TSE:TVE - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.17 earnings per share for the quarter. The business had revenue of C$382.98 million for the quarter. Tamarack Valley Energy had a return on equity of 5.94% and a net margin of 8.66%. On average, research analysts predict that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Insider Buying and Selling at Tamarack Valley Energy

In related news, Senior Officer Christine Ezinga purchased 8,000 shares of the firm's stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of C$3.67 per share, with a total value of C$29,367.20. Over the last three months, insiders have acquired 28,173 shares of company stock valued at $107,945. 1.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TVE shares. CIBC upped their target price on Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Monday, July 15th. BMO Capital Markets raised Tamarack Valley Energy from a "market perform" rating to an "outperform" rating in a research note on Friday, October 4th. Desjardins set a C$5.00 target price on shares of Tamarack Valley Energy and gave the stock a "buy" rating in a research report on Tuesday, June 25th. Finally, National Bankshares decreased their price target on shares of Tamarack Valley Energy from C$7.25 to C$6.75 in a research report on Friday, September 27th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of C$5.03.

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.