Tamarack Valley Energy Ltd (TSE:TVE) Director Buys C$134,017.15 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer acquired 31,985 shares of the business’s stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average cost of C$4.19 per share, for a total transaction of C$134,017.15.

Tamarack Valley Energy Stock Down 10.3 %

TVE stock opened at C$3.65 on Friday. Tamarack Valley Energy Ltd has a 1-year low of C$3.44 and a 1-year high of C$5.05. The business’s 50 day simple moving average is C$4.33 and its 200 day simple moving average is C$4.35. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. The firm has a market capitalization of C$1.93 billion, a PE ratio of 9.35 and a beta of 2.49.

Tamarack Valley Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were issued a $0.0127 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.15 annualized dividend and a dividend yield of 4.18%. Tamarack Valley Energy’s dividend payout ratio is currently 38.41%.

Analysts Set New Price Targets

Several brokerages have commented on TVE. Desjardins cut shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and cut their price target for the stock from C$6.00 to C$5.25 in a research report on Wednesday, March 19th. BMO Capital Markets increased their price target on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. CIBC boosted their price target on Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. Finally, National Bankshares cut their price objective on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a report on Thursday, December 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Tamarack Valley Energy has an average rating of “Moderate Buy” and a consensus price target of C$5.81.

Tamarack Valley Energy Company Profile

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.