Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Senior Officer Kevin James Johnston acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was acquired at an average price of C$3.29 per share, for a total transaction of C$49,350.00.
Tamarack Valley Energy Trading Down 0.6 %
Shares of TVE stock traded down C$0.02 on Monday, hitting C$3.56. 1,711,026 shares of the company's stock traded hands, compared to its average volume of 2,203,018. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The stock has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 9.12 and a beta of 2.49. The company's fifty day simple moving average is C$4.20 and its 200 day simple moving average is C$4.32. Tamarack Valley Energy Ltd has a one year low of C$3.10 and a one year high of C$5.05.
Tamarack Valley Energy Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were issued a $0.0127 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.15 annualized dividend and a dividend yield of 4.28%. Tamarack Valley Energy's dividend payout ratio is currently 38.41%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on TVE shares. National Bankshares dropped their price target on Tamarack Valley Energy from C$7.00 to C$6.75 and set an "outperform" rating for the company in a research report on Thursday, December 19th. BMO Capital Markets lifted their target price on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. Desjardins lowered shares of Tamarack Valley Energy from a "buy" rating to a "hold" rating and decreased their price target for the stock from C$6.00 to C$5.25 in a report on Wednesday, March 19th. Finally, CIBC dropped their price objective on shares of Tamarack Valley Energy from C$6.50 to C$5.50 in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$5.69.
Check Out Our Latest Report on TVE
About Tamarack Valley Energy
(
Get Free Report)
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.
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