Tamarack Valley Energy Ltd (TVE) To Go Ex-Dividend on April 30th

Tamarack Valley Energy Ltd (TSE:TVE) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Investors of record on Thursday, May 15th will be given a dividend of 0.0127 per share on Thursday, May 15th. This represents a $0.15 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, April 30th.

Tamarack Valley Energy Price Performance

TVE opened at C$3.76 on Monday. Tamarack Valley Energy has a 12 month low of C$3.10 and a 12 month high of C$5.05. The business has a 50-day moving average of C$4.05 and a two-hundred day moving average of C$4.31. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. The stock has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 9.63 and a beta of 2.49.

Analyst Ratings Changes

Several equities analysts recently commented on TVE shares. CIBC dropped their price target on shares of Tamarack Valley Energy from C$6.50 to C$5.50 in a research report on Thursday, April 10th. Desjardins lowered Tamarack Valley Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from C$6.00 to C$5.25 in a research report on Wednesday, March 19th. Finally, BMO Capital Markets lifted their target price on Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Tamarack Valley Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$5.69.

Insider Transactions at Tamarack Valley Energy

In other news, Senior Officer Steven Buytels bought 8,065 shares of the firm’s stock in a transaction dated Friday, April 4th. The stock was bought at an average price of C$3.66 per share, for a total transaction of C$29,517.90. Also, Senior Officer Brian Leslie Schmidt purchased 84,734 shares of the stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of C$4.55 per share, with a total value of C$385,539.70. Over the last quarter, insiders purchased 223,384 shares of company stock valued at $900,589. 1.32% of the stock is currently owned by corporate insiders.

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.