Tamarack Valley Energy Ltd (TSE:TVE) Director Sells C$42,732.56 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$4.42, for a total value of C$42,732.56.

Tamarack Valley Energy Stock Down 1.4 %

TSE:TVE traded down C$0.06 on Tuesday, hitting C$4.26. The stock had a trading volume of 2,721,081 shares, compared to its average volume of 2,428,014. The business’s fifty day moving average is C$4.28 and its 200 day moving average is C$3.99. The company has a market cap of C$2.32 billion, a PE ratio of 18.78 and a beta of 2.49. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72. Tamarack Valley Energy Ltd has a 52 week low of C$2.90 and a 52 week high of C$4.70.

Tamarack Valley Energy Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a $0.0127 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.15 annualized dividend and a yield of 3.58%. This is a positive change from Tamarack Valley Energy’s previous monthly dividend of $0.01. Tamarack Valley Energy’s dividend payout ratio is presently 65.22%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada upped their price target on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BMO Capital Markets upped their price target on Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday. Raymond James upgraded Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. Canaccord Genuity Group upped their price target on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Finally, National Bankshares upped their target price on Tamarack Valley Energy from C$6.75 to C$7.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.50.

Tamarack Valley Energy Company Profile

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.