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

Tamarack Valley Energy Ltd (TSE:TVE) announced a monthly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Tuesday, April 30th will be given 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 is Monday, April 29th.

Tamarack Valley Energy Price Performance

Tamarack Valley Energy stock opened at C$3.93 on Friday. The firm has a 50-day moving average price of C$3.71 and a 200-day moving average price of C$3.52. The firm has a market capitalization of C$2.14 billion, a PE ratio of 23.12 and a beta of 2.59. 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 announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.04. Tamarack Valley Energy had a net margin of 6.70% and a return on equity of 4.34%. The company had revenue of C$418.86 million during the quarter. As a group, equities research analysts forecast that Tamarack Valley Energy will post 0.2799189 EPS for the current year.

Wall Street Analyst Weigh In

TVE has been the subject of several recent research reports. BMO Capital Markets set a C$4.00 price target on shares of Tamarack Valley Energy and gave the company a “market perform” rating in a report on Thursday, March 21st. 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 for the company in a report on Thursday, February 29th. National Bankshares boosted their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 and gave the company an “outperform” rating in a report 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 report on Wednesday, April 17th. Finally, Desjardins boosted their price target on shares of Tamarack Valley Energy from C$4.50 to C$4.75 and gave the company a “buy” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$4.93.

Insider Transactions at Tamarack Valley Energy

In other news, Senior Officer Brian Leslie Schmidt acquired 8,673 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of C$3.55 per share, with a total value of C$30,789.15. In related news, Senior Officer Scott Shimek bought 8,500 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were bought at an average price of C$4.08 per share, with a total value of C$34,680.00. Also, Senior Officer Brian Leslie Schmidt bought 8,673 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were bought at an average cost of C$3.55 per share, for a total transaction of C$30,789.15. Insiders have bought a total of 47,718 shares of company stock valued at $178,867 in the last 90 days. Insiders own 1.15% of the company’s stock.

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.