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

Key Points

• Tamarack Valley Energy Ltd has declared a monthly dividend of $0.01 per share, equating to an annualized dividend of $0.15 with a yield of 2.89%.
• Shares opened at C$5.28, with a market capitalization of C$2.79 billion and a recent 12-month high of C$5.28, indicating significant market interest.
• Analyst ratings are generally positive, with one hold and six buy ratings, alongside a consensus price target of C$5.91, reflecting anticipated growth in the company's stock value.

Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.0127 per share on Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Thursday, July 31st.

Tamarack Valley Energy Stock Performance

TSE:TVE traded down C$0.13 during trading hours on Friday, reaching C$5.31. The stock had a trading volume of 1,679,655 shares, compared to its average volume of 2,103,787. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The stock has a 50 day simple moving average of C$4.89 and a 200 day simple moving average of C$4.42. Tamarack Valley Energy has a 12-month low of C$3.10 and a 12-month high of C$5.53. The stock has a market cap of C$2.80 billion, a P/E ratio of 13.60 and a beta of 2.49.

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.