Tamarack Valley Energy Ltd (TVE) to Issue Quarterly Dividend of $0.05 on September 30th

Tamarack Valley Energy Ltd (TSE:TVE) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 25.0% increase from Tamarack Valley Energy’s previous quarterly dividend of $0.04.

Tamarack Valley Energy Price Performance

Shares of TSE TVE traded down C$0.27 during trading on Friday, hitting C$13.29. 1,884,468 shares of the company were exchanged, compared to its average volume of 2,056,616. The company has a debt-to-equity ratio of 18.26, a current ratio of 2.30 and a quick ratio of 0.80. Tamarack Valley Energy has a 1 year low of C$5.68 and a 1 year high of C$14.11. The company has a market cap of C$6.31 billion, a price-to-earnings ratio of 189.86 and a beta of 0.26. The firm’s fifty day moving average price is C$13.26 and its 200 day moving average price is C$12.34.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$0.43 earnings per share (EPS) for the quarter. Tamarack Valley Energy had a net margin of 1.50% and a return on equity of 1.34%. The business had revenue of C$493.95 million during the quarter. On average, sell-side analysts expect that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Insider Transactions at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Shannon Joseph purchased 27,521 shares of Tamarack Valley Energy stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of C$12.56 per share, with a total value of C$345,663.76. Following the completion of the acquisition, the director directly owned 66,376 shares of the company’s stock, valued at approximately C$833,682.56. This trade represents a 70.83% increase in their ownership of the stock. Insiders own 1.32% of the company’s stock.

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.