Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Purchases C$29,276.00 in Stock

Tamarack Valley Energy Ltd (TSE:TVE – Get Rating) Senior Officer Christine Ezinga bought 8,000 shares of Tamarack Valley Energy stock in a transaction on Tuesday, May 23rd. The stock was acquired at an average price of C$3.66 per share, with a total value of C$29,276.00.

Tamarack Valley Energy Stock Down 4.1 %

Shares of TSE TVE opened at C$3.51 on Friday. The company has a debt-to-equity ratio of 61.58, a quick ratio of 0.80 and a current ratio of 0.29. Tamarack Valley Energy Ltd has a 52 week low of C$3.24 and a 52 week high of C$6.48. The stock has a market capitalization of C$1.95 billion, a P/E ratio of 5.09 and a beta of 2.76. The stock’s fifty day moving average is C$3.79 and its 200 day moving average is C$4.28.

Tamarack Valley Energy (TSE:TVE – Get Rating) last released its earnings results on Wednesday, March 1st. The company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.08). Tamarack Valley Energy had a net margin of 25.80% and a return on equity of 18.20%. The business had revenue of C$423.76 million during the quarter. Sell-side analysts forecast that Tamarack Valley Energy Ltd will post 0.4135166 earnings per share for the current fiscal year.

Tamarack Valley Energy Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st will be issued a dividend of $0.013 per share. This represents a $0.16 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Tuesday, May 30th. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently 21.74%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Raymond James lowered their price target on shares of Tamarack Valley Energy from C$13.00 to C$11.00 and set an “outperform” rating on the stock in a report on Friday, March 3rd. ATB Capital cut their price target on shares of Tamarack Valley Energy from C$7.50 to C$7.00 in a research report on Monday, April 17th. CIBC decreased their price target on shares of Tamarack Valley Energy from C$6.00 to C$5.50 in a research note on Friday, April 14th. BMO Capital Markets decreased their price target on shares of Tamarack Valley Energy from C$6.00 to C$5.00 in a research note on Monday, March 27th. Finally, Canaccord Genuity Group cut their price objective on Tamarack Valley Energy from C$6.00 to C$5.50 in a report on Wednesday, March 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Tamarack Valley Energy has an average rating of “Moderate Buy” and an average price target of C$6.88.

Tamarack Valley Energy Company Profile

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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.