Tamarack Valley Energy Ltd (TVE) to Issue Monthly Dividend of $0.01 on March 14th

Tamarack Valley Energy Ltd (TSE:TVE) declared a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Investors of record on Friday, March 14th will be paid a dividend of 0.0127 per share on Friday, March 14th. This represents a $0.15 annualized dividend and a yield of 3.47%. The ex-dividend date is Friday, February 28th.

Tamarack Valley Energy Trading Up 1.2 %

TSE TVE traded up C$0.05 during trading on Wednesday, hitting C$4.39. The stock had a trading volume of 644,752 shares, compared to its average volume of 2,058,396. The firm has a 50 day moving average price of C$4.60 and a 200 day moving average price of C$4.29. The company has a market capitalization of C$2.32 billion, a PE ratio of 11.24 and a beta of 2.49. The company has a quick ratio of 0.80, a current ratio of 0.73 and a debt-to-equity ratio of 34.61. Tamarack Valley Energy has a twelve month low of C$3.31 and a twelve month high of C$5.05.

Insiders Place Their Bets

In other news, Director Marnie Smith sold 9,668 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$4.42, for a total transaction of C$42,732.56. Company insiders own 1.32% of the company’s stock.

Wall Street Analysts Forecast Growth

TVE has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. CIBC increased their target price on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Canaccord Genuity Group boosted their target price on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. Royal Bank of Canada boosted their target price on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, National Bankshares lowered their price target on 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. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$5.75.

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.