Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Director Marnie Smith sold 9,668 shares of the business's stock in a transaction on 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
Tamarack Valley Energy Ltd has a 12-month low of C$2.90 and a 12-month high of C$4.70. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The business's 50-day moving average is C$4.28 and its 200 day moving average is C$3.99. The firm has a market capitalization of C$2.35 billion, a price-to-earnings ratio of 18.52 and a beta of 2.49.
Tamarack Valley Energy Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a dividend of $0.0127 per share. This is a boost from Tamarack Valley Energy's previous monthly dividend of $0.01. This represents a $0.15 annualized dividend and a yield of ∞. The ex-dividend date of this dividend was Friday, November 29th. Tamarack Valley Energy's payout ratio is currently 65.22%.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on TVE shares. Canaccord Genuity Group raised their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Acumen Capital upped their price objective on shares of 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. CIBC raised their target price on Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an "outperform" rating in a report on Friday, November 1st. Raymond James upgraded Tamarack Valley Energy to a "hold" rating in a research note on Thursday, October 17th. Finally, BMO Capital Markets raised their price objective on Tamarack Valley Energy from C$5.50 to C$6.00 in a research note on Friday. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.50.
Check Out Our Latest Analysis on TVE
Tamarack Valley Energy Company Profile
(
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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