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

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

Tamarack Valley Energy Stock Performance

Tamarack Valley Energy stock traded down C$0.23 during mid-day trading 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 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 P/E ratio of -72.33 and a beta of 0.28. The company has a debt-to-equity ratio of 37.62, a quick ratio of 0.80 and a current ratio of 0.69. The firm’s fifty day moving average price is C$12.33 and its two-hundred day moving average price is C$10.21.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 earnings per share 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. Sell-side analysts predict that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Insider Transactions at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Rene Amirault purchased 78,500 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were acquired at an average cost of C$13.09 per share, for a total transaction of C$1,027,565.00. Following the completion of the transaction, the director owned 454,602 shares of the company’s stock, valued at approximately C$5,950,740.18. The trade was a 20.87% increase in their ownership of the stock. Insiders have purchased a total of 84,866 shares of company stock valued at $1,061,310 in the last 90 days. 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.