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

Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) declared a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.0125 per share on Wednesday, May 15th. This represents a $0.15 annualized dividend and a dividend yield of 3.90%. The ex-dividend date is Monday, April 29th.

Tamarack Valley Energy Stock Down 1.5 %

TVE stock traded down C$0.06 during trading on Tuesday, hitting C$3.85. 3,644,874 shares of the stock traded hands, compared to its average volume of 2,280,571. The company has a debt-to-equity ratio of 43.39, a current ratio of 0.52 and a quick ratio of 0.80. The stock has a market cap of C$2.09 billion, a price-to-earnings ratio of 23.00 and a beta of 2.59. Tamarack Valley Energy has a 1 year low of C$2.76 and a 1 year high of C$4.34. The firm's 50 day moving average is C$3.57 and its two-hundred day moving average is C$3.50.

Tamarack Valley Energy (TSE:TVE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.10 earnings per share for the quarter, beating the consensus estimate of C$0.06 by C$0.04. The company had revenue of C$418.86 million during the quarter. Tamarack Valley Energy had a net margin of 6.70% and a return on equity of 4.34%. On average, sell-side analysts anticipate that Tamarack Valley Energy will post 0.2799189 EPS for the current year.

Insiders Place Their Bets

In other Tamarack Valley Energy news, Senior Officer Scott Shimek bought 8,500 shares of the company's stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average price of C$4.08 per share, for a total transaction of C$34,680.00. In other news, Senior Officer Scott Shimek bought 8,500 shares of the stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average cost of C$4.08 per share, for a total transaction of C$34,680.00. Also, Senior Officer Brian Leslie Schmidt bought 8,673 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were acquired at an average price of C$3.55 per share, for a total transaction of C$30,789.15. Insiders have purchased 47,718 shares of company stock valued at $178,867 over the last ninety days. 1.15% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on TVE shares. ATB Capital reduced their price objective on Tamarack Valley Energy from C$6.00 to C$5.50 and set an "outperform" rating for the company in a report on Thursday, February 29th. CIBC decreased their price objective on shares of Tamarack Valley Energy from C$5.25 to C$4.50 and set an "outperform" rating for the company in a report on Tuesday, January 16th. BMO Capital Markets set a C$4.00 price objective on shares of Tamarack Valley Energy and gave the company a "market perform" rating in a research report on Thursday, March 21st. Stifel Nicolaus lifted their target price on shares of Tamarack Valley Energy from C$4.75 to C$5.00 and gave the stock a "buy" rating in a research report on Thursday, February 29th. Finally, Raymond James lowered their price target on Tamarack Valley Energy from C$5.00 to C$4.00 and set an "outperform" rating on the stock in a report on Friday, January 19th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$4.88.

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.