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

Tamarack Valley Energy Ltd (TSE:TVE) declared 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 Stock Performance

Shares of TSE:TVE traded down C$0.23 on Friday, hitting 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 12 month low of C$4.68 and a 12 month high of C$14.03. The company has a market capitalization of C$6.23 billion, a price-to-earnings ratio of -72.33 and a beta of 0.28. The stock’s 50-day moving average is C$12.33 and its two-hundred day moving average is 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 earnings per share for the quarter. The business had revenue of C$375.55 million for the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. On average, equities research analysts forecast that Tamarack Valley Energy will post 0.1386527 EPS for the current year.

Insider Buying and Selling at Tamarack Valley Energy

In related news, Director Rene Amirault purchased 78,500 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were purchased at an average price of C$13.09 per share, with a total value of C$1,027,565.00. Following the purchase, the director owned 454,602 shares of the company’s stock, valued at C$5,950,740.18. This trade represents a 20.87% increase in their position. In the last three months, insiders acquired 84,866 shares of company stock valued at $1,061,310. Company insiders own 1.32% of the company’s stock.

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.