Insider Selling: Tamarack Valley Energy Ltd (TSE:TVE) Director Sells C$42,732.56 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Marnie Smith sold 9,668 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of C$4.42, for a total transaction of C$42,732.56.

Tamarack Valley Energy Stock Up 0.5 %

Shares of TVE opened at C$4.23 on Friday. The company’s fifty day moving average is C$4.28 and its two-hundred day moving average is C$4.00. Tamarack Valley Energy Ltd has a fifty-two week low of C$2.90 and a fifty-two week high of C$4.70. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72. The firm has a market cap of C$2.30 billion, a PE ratio of 18.39 and a beta of 2.49.

Tamarack Valley Energy Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were paid a dividend of $0.0127 per share. The ex-dividend date was Friday, November 29th. This represents a $0.15 annualized dividend and a yield of 3.60%. This is a boost from Tamarack Valley Energy’s previous monthly dividend of $0.01. Tamarack Valley Energy’s dividend payout ratio is presently 65.22%.

Analysts Set New Price Targets

Several equities analysts recently commented on TVE shares. BMO Capital Markets boosted their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a research note on Friday, December 13th. National Bankshares reduced their target price on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank of Canada raised their target price on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Canaccord Genuity Group raised their target price on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Finally, CIBC boosted their target price on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an “outperform” rating in a report on Friday, November 1st. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Tamarack Valley Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$5.48.

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.