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

Tamarack Valley Energy Ltd (TSE:TVE) announced a monthly dividend on Friday, November 29th,TickerTech Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.0127 per share on Monday, December 16th. This represents a $0.15 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Tamarack Valley Energy’s previous monthly dividend of $0.01.

Tamarack Valley Energy Trading Down 1.1 %

Shares of Tamarack Valley Energy stock opened at C$4.35 on Thursday. Tamarack Valley Energy has a twelve month low of C$2.76 and a twelve month high of C$4.62. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72. The business has a 50-day moving average price of C$4.18 and a 200-day moving average price of C$3.92. The firm has a market cap of C$2.37 billion, a price-to-earnings ratio of 18.91 and a beta of 2.49.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BMO Capital Markets upgraded shares of Tamarack Valley Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, October 4th. Acumen Capital upped their price target on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. Finally, National Bankshares upped their target price on shares of Tamarack Valley Energy from C$6.75 to C$7.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$5.23.

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.