Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Director Rene Amirault acquired 83,600 shares of Tamarack Valley Energy stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average price of C$3.61 per share, for a total transaction of C$302,163.84.
Tamarack Valley Energy Stock Up 4.0 %
Shares of TVE traded up C$0.15 during trading on Friday, reaching C$3.88. The company's stock had a trading volume of 1,638,379 shares, compared to its average volume of 2,183,768. The company has a quick ratio of 0.80, a current ratio of 0.73 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 company has a fifty day moving average of C$4.13 and a two-hundred day moving average of C$4.31. The company has a market cap of C$2.05 billion, a price-to-earnings ratio of 9.93 and a beta of 2.49.
Tamarack Valley Energy Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis 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 Upgrades and Downgrades
A number of analysts recently weighed in on the stock. Desjardins cut 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 research note on Wednesday, March 19th. CIBC cut their price target on Tamarack Valley Energy from C$6.50 to C$5.50 in a research note on Thursday, April 10th. Finally, BMO Capital Markets boosted their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$5.69.
View Our Latest Research Report on Tamarack Valley Energy
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.
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