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

Tamarack Valley Energy Ltd (TSE:TVE) declared a monthly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.0125 per share on Wednesday, May 15th. This represents a $0.15 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend is Monday, April 29th.

Tamarack Valley Energy Stock Performance

Shares of TSE:TVE opened at C$3.93 on Friday. The company has a market cap of C$2.14 billion, a price-to-earnings ratio of 23.12 and a beta of 2.59. The company has a 50-day moving average price of C$3.71 and a 200-day moving average price of C$3.52. The company has a current ratio of 0.52, a quick ratio of 0.80 and a debt-to-equity ratio of 43.39. Tamarack Valley Energy has a 12 month low of C$2.76 and a 12 month high of C$4.34.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.04. The firm had revenue of C$418.86 million during the quarter. Tamarack Valley Energy had a net margin of 6.70% and a return on equity of 4.34%. As a group, equities analysts anticipate that Tamarack Valley Energy will post 0.2799189 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. National Bankshares upped their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. Canaccord Genuity Group boosted their price target on shares of Tamarack Valley Energy from C$4.25 to C$4.75 and gave the company a “buy” rating in a research report on Wednesday, April 17th. ATB Capital reduced their price target on shares of Tamarack Valley Energy from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. Raymond James reduced their price target on shares of Tamarack Valley Energy from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, Royal Bank of Canada boosted their price target on shares of Tamarack Valley Energy from C$4.00 to C$4.25 and gave the company an “outperform” rating in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$4.93.

Insiders Place Their Bets

In other Tamarack Valley Energy news, Senior Officer Scott Shimek acquired 8,500 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were acquired at an average price of C$4.08 per share, for a total transaction of C$34,680.00. In other news, Senior Officer Scott Shimek bought 8,500 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were purchased at an average price of C$4.08 per share, for a total transaction of C$34,680.00. Also, Senior Officer Brian Leslie Schmidt bought 8,673 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was purchased at an average price of C$3.55 per share, for a total transaction of C$30,789.15. Over the last quarter, insiders have acquired 47,718 shares of company stock worth $178,867. 1.15% of the stock is currently owned by company 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.