Tamarack Valley Energy Ltd (TSE:TVE) Director Marnie Smith Sells 9,668 Shares of Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Marnie Smith sold 9,668 shares of the 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 Performance

The business’s fifty day simple moving average is C$4.28 and its two-hundred day simple moving average is C$3.99. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72. The stock has a market cap of C$2.35 billion, a PE ratio of 18.52 and a beta of 2.49. Tamarack Valley Energy Ltd has a twelve month low of C$2.90 and a twelve month high of C$4.70.

Tamarack Valley Energy Increases Dividend

The business also recently announced 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. This represents a $0.15 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Tamarack Valley Energy’s previous monthly dividend of $0.01. Tamarack Valley Energy’s dividend payout ratio (DPR) is 65.22%.

Analyst Upgrades and Downgrades

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

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.