Tamarack Valley Energy Ltd (TVE) to Issue Quarterly Dividend of $0.04 on June 30th

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 given 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 is Monday, June 15th.

Tamarack Valley Energy Stock Performance

TVE stock traded down C$0.23 during midday trading on Friday, reaching C$13.02. 1,953,275 shares of the company were exchanged, compared to its average volume of 2,197,687. The company has a debt-to-equity ratio of 37.62, a current ratio of 0.69 and a quick ratio of 0.80. The business has a 50-day moving average price of C$12.33 and a two-hundred day moving average price of C$10.21. Tamarack Valley Energy has a one year low of C$4.68 and a one year high of C$14.03. The firm has a market capitalization of C$6.23 billion, a price-to-earnings ratio of -72.33 and a beta of 0.28.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 EPS for the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. The firm had revenue of C$375.55 million during the quarter. Equities research analysts forecast that Tamarack Valley Energy will post 0.1386527 EPS 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.