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

Tamarack Valley Energy Ltd (TSE:TVE) announced a monthly dividend on Monday, December 30th,TickerTech Dividends reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.0127 per share on Wednesday, January 15th. This represents a $0.15 annualized dividend and a yield of 3.31%. The ex-dividend date is Monday, December 30th.

Tamarack Valley Energy Stock Performance

Shares of TVE stock opened at C$4.61 on Friday. The company’s fifty day moving average price is C$4.32 and its 200-day moving average price is C$4.03. The stock has a market cap of C$2.51 billion, a PE ratio of 20.04 and a beta of 2.49. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72. Tamarack Valley Energy has a 12 month low of C$2.90 and a 12 month high of C$4.70.

Analyst Ratings Changes

TVE has been the topic of several recent analyst reports. Acumen Capital increased their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Raymond James upgraded shares of Tamarack Valley Energy to a “hold” rating in a report on Thursday, October 17th. CIBC boosted 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. Royal Bank of Canada increased their target price 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. Finally, Canaccord Genuity Group boosted their price target on Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Tamarack Valley Energy has a consensus rating of “Moderate Buy” and an average price target of C$5.48.

Insider Activity at Tamarack Valley Energy

In related news, Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$4.42, for a total transaction of C$42,732.56. 1.32% of the stock is owned by corporate insiders.

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.