Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) announced a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Shareholders of record on Thursday, May 15th will be paid a dividend of 0.0127 per share on Thursday, May 15th. This represents a $0.15 annualized dividend and a yield of 4.20%. The ex-dividend date is Wednesday, April 30th.
Tamarack Valley Energy Trading Up 2.0 %
TVE traded up C$0.07 on Friday, hitting C$3.63. The company had a trading volume of 1,425,611 shares, compared to its average volume of 2,148,387. Tamarack Valley Energy has a 1 year low of C$3.10 and a 1 year high of C$5.05. The firm has a market cap of C$1.92 billion, a P/E ratio of 9.29 and a beta of 2.49. The company's fifty day moving average price is C$3.96 and its 200 day moving average price is C$4.29. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. CIBC decreased their target price on Tamarack Valley Energy from C$6.50 to C$5.50 in a research note on Thursday, April 10th. Desjardins cut shares of Tamarack Valley Energy from a "buy" rating to a "hold" rating and reduced their price target for the stock from C$6.00 to C$5.25 in a research report on Wednesday, March 19th. Finally, BMO Capital Markets lifted their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$5.69.
Get Our Latest Report on Tamarack Valley Energy
Insiders Place Their Bets
In other Tamarack Valley Energy news, Senior Officer Kevin James Johnston bought 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The stock was purchased at an average price of C$3.29 per share, for a total transaction of C$49,350.00. Also, Director Rene Amirault purchased 83,600 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was bought at an average price of C$3.61 per share, for a total transaction of C$302,163.84. Insiders bought 223,384 shares of company stock worth $900,589 in the last 90 days. Corporate insiders own 1.32% of the company's stock.
About Tamarack Valley Energy
(
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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.
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