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

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

Tamarack Valley Energy Price Performance

Tamarack Valley Energy stock opened at C$4.61 on Friday. The stock’s 50 day moving average price is C$4.32 and its two-hundred day moving average price is C$4.03. Tamarack Valley Energy has a 52-week low of C$2.90 and a 52-week high of C$4.70. The stock has a market capitalization of C$2.51 billion, a price-to-earnings ratio of 20.04 and a beta of 2.49. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.80 and a current ratio of 0.90.

Analyst Ratings Changes

A number of research firms recently weighed in on TVE. Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. Acumen Capital boosted their price target 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. BMO Capital Markets raised 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. National Bankshares decreased their target price on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, CIBC increased their target price on Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$5.48.

Insider Transactions at Tamarack Valley Energy

In other news, Director Marnie Smith sold 9,668 shares of the stock in a transaction on Friday, December 13th. The stock was 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.

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.