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

Tamarack Valley Energy Ltd (TSE:TVE) announced a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Stockholders of record on Tuesday, March 31st will be paid a dividend of 0.04 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th.

Tamarack Valley Energy Trading Up 1.0%

Shares of TSE:TVE traded up C$0.11 during midday trading on Wednesday, reaching C$10.62. The company had a trading volume of 851,335 shares, compared to its average volume of 1,956,056. The company has a fifty day simple moving average of C$9.12 and a two-hundred day simple moving average of C$7.50. The firm has a market cap of C$5.14 billion, a price-to-earnings ratio of -151.71 and a beta of 0.70. Tamarack Valley Energy has a 1-year low of C$3.10 and a 1-year high of C$10.88. The company has a debt-to-equity ratio of 37.29, a quick ratio of 0.80 and a current ratio of 0.90.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 earnings per share (EPS) for the quarter. Tamarack Valley Energy had a negative return on equity of 1.84% and a negative net margin of 2.41%.The firm had revenue of C$304.60 million for the quarter. Research analysts predict that Tamarack Valley Energy will post 0.1386527 earnings per share for the current year.

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.