Tamarack Valley Energy Ltd (TVE) to Issue Monthly Dividend of $0.01 on January 15th

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 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Monday, December 30th.

Tamarack Valley Energy Stock Performance

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

Insider Buying and Selling at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction that occurred 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. 1.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on TVE shares. Raymond James raised Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. Canaccord Genuity Group boosted their target price on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. BMO Capital Markets increased their price target on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday, December 13th. National Bankshares lowered their price objective on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a report on Thursday, December 19th. Finally, Royal Bank of Canada upped their price objective on shares of 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$5.48.

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.