Tamarack Valley Energy (TSE:TVE) Director Purchases C$24,485.44 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer acquired 4,501 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of C$5.44 per share, for a total transaction of C$24,485.44. Following the completion of the acquisition, the director owned 434,442 shares of the company’s stock, valued at approximately C$2,363,364.48. This represents a 1.05% increase in their ownership of the stock.

Tamarack Valley Energy Price Performance

Shares of TSE TVE traded up C$0.25 during trading on Thursday, hitting C$11.20. The company had a trading volume of 1,916,476 shares, compared to its average volume of 2,044,765. The firm has a market capitalization of C$5.42 billion, a price-to-earnings ratio of -160.00 and a beta of 0.70. The stock has a fifty day simple moving average of C$9.49 and a two-hundred day simple moving average of C$7.71. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 37.29. Tamarack Valley Energy Ltd has a fifty-two week low of C$3.10 and a fifty-two week high of C$11.33.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings results on Wednesday, February 25th. The company reported C$0.10 earnings per share for the quarter. The firm had revenue of C$304.60 million during the quarter. Tamarack Valley Energy had a negative net margin of 2.41% and a negative return on equity of 1.84%. On average, research analysts expect that Tamarack Valley Energy Ltd will post 0.1386527 earnings per share for the current year.

Tamarack Valley Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.4%. Tamarack Valley Energy’s payout ratio is currently -220.24%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TVE shares. Acumen Capital raised their price objective on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a report on Thursday, February 26th. Desjardins increased their target price on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, February 26th. Raymond James Financial downgraded shares of Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada upped their price objective on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Finally, BMO Capital Markets raised their target price on shares of Tamarack Valley Energy from C$9.00 to C$11.00 in a research note on Friday, November 21st. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.11.

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.