Rene Amirault Purchases 83,600 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Rene Amirault purchased 83,600 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of C$3.61 per share, for a total transaction of C$302,163.84.

Tamarack Valley Energy Price Performance

Shares of TVE stock opened at C$3.88 on Friday. The stock has a market capitalization of C$2.05 billion, a price-to-earnings ratio of 9.93 and a beta of 2.49. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. Tamarack Valley Energy Ltd has a twelve month low of C$3.10 and a twelve month high of C$5.05. The stock has a fifty day simple moving average of C$4.13 and a two-hundred day simple moving average of C$4.31.

Tamarack Valley Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.0127 per share. This represents a $0.15 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Wednesday, April 30th. Tamarack Valley Energy’s payout ratio is 38.41%.

Analyst Ratings Changes

TVE has been the subject of several recent analyst reports. CIBC dropped their target price on Tamarack Valley Energy from C$6.50 to C$5.50 in a research report on Thursday, April 10th. BMO Capital Markets boosted their price objective on Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. Finally, Desjardins lowered Tamarack Valley Energy from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$6.00 to C$5.25 in a research note on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$5.69.

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.