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

Key Points

• Tamarack Valley Energy Ltd has declared a monthly dividend of $0.01 per share, with an annualized yield of 2.8%, payable to stockholders on September 15th.
• The company's stock currently has a market capitalization of C$2.86 billion and a twelve-month price range of C$3.10 to C$5.55, with a recent opening price of C$5.42.
• Analysts show strong bullish sentiment with several upgrades to Tamarack's price target, establishing an average target of C$6.33 and a consensus rating of "Moderate Buy".

Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) announced a monthly dividend on Friday, August 29th, TickerTech Dividends reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.0127 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 29th.

Tamarack Valley Energy Stock Performance

TSE TVE opened at C$5.42 on Friday. 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$3.10 and a twelve month high of C$5.55. The firm has a market capitalization of C$2.86 billion, a PE ratio of 13.88 and a beta of 2.49. The stock's 50 day moving average is C$5.16 and its 200 day moving average is C$4.52.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TVE shares. Desjardins lifted their price objective on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a "hold" rating in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on Tamarack Valley Energy from C$6.00 to C$7.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. ATB Capital lifted their price objective on Tamarack Valley Energy from C$6.00 to C$6.25 and gave the company an "outperform" rating in a research note on Thursday, July 31st. CIBC lifted their price objective on Tamarack Valley Energy from C$5.50 to C$6.25 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Raymond James Financial boosted their price target on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$6.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.