Steven Buytels Buys 8,065 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Senior Officer Steven Buytels purchased 8,065 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of C$3.66 per share, with a total value of C$29,517.90.

Tamarack Valley Energy Trading Up 1.4 %

Tamarack Valley Energy stock traded up C$0.05 during midday trading on Friday, hitting C$3.58. 1,544,742 shares of the stock were exchanged, compared to its average volume of 2,209,948. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. The stock's 50-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 fifty-two week low of C$3.10 and a fifty-two week high of C$5.05. The stock has a market capitalization of C$1.89 billion, a price-to-earnings ratio of 9.17 and a beta of 2.49.

Tamarack Valley Energy Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.0127 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.15 annualized dividend and a yield of 4.26%. Tamarack Valley Energy's dividend payout ratio (DPR) is 38.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Desjardins cut shares of Tamarack Valley Energy from a "buy" rating to a "hold" rating and dropped their price target for the company from C$6.00 to C$5.25 in a research note on Wednesday, March 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. National Bankshares reduced their price target on shares of 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. Finally, CIBC lowered their price objective on Tamarack Valley Energy from C$6.50 to C$5.50 in a report on Thursday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$5.69.

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.