Tamarack Valley Energy Ltd (TSE:TVE) Announces $0.04 Quarterly Dividend

Tamarack Valley Energy Ltd (TSE:TVE) announced a quarterly dividend on Monday, June 15th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.04 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 15th.

Tamarack Valley Energy Price Performance

Shares of TSE:TVE traded down C$0.23 on Friday, reaching C$13.02. The company’s stock had a trading volume of 1,953,275 shares, compared to its average volume of 2,197,687. Tamarack Valley Energy has a 52-week low of C$4.68 and a 52-week high of C$14.03. The company has a market cap of C$6.23 billion, a P/E ratio of -72.33 and a beta of 0.28. The company has a 50-day simple moving average of C$12.33 and a 200 day simple moving average of C$10.21. The company has a debt-to-equity ratio of 37.62, a quick ratio of 0.80 and a current ratio of 0.69.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 EPS for the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. The business had revenue of C$375.55 million during the quarter. As a group, equities research analysts anticipate that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on TVE. Royal Bank Of Canada lifted their price target on shares of Tamarack Valley Energy from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Raymond James Financial raised shares of Tamarack Valley Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$12.00 to C$15.00 in a research note on Friday, May 29th. Desjardins lifted their price target on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Acumen Capital boosted their price objective on shares of Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, ATB Cormark Capital Markets boosted their price objective on shares of Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$12.73.

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.