Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Purchases 30,000 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Brian Leslie Schmidt purchased 30,000 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were bought at an average price of C$3.86 per share, with a total value of C$115,800.00.

Tamarack Valley Energy Trading Up 1.1 %

TSE TVE traded up C$0.04 during mid-day trading on Wednesday, reaching C$3.82. 1,541,977 shares of the stock were exchanged, compared to its average volume of 2,132,595. The stock has a market cap of C$2.11 billion, a P/E ratio of 34.91 and a beta of 2.59. The company has a debt-to-equity ratio of 45.81, a current ratio of 0.67 and a quick ratio of 0.80. Tamarack Valley Energy Ltd has a one year low of C$2.76 and a one year high of C$4.34. The stock has a 50 day simple moving average of C$3.68 and a 200-day simple moving average of C$3.50.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing the consensus estimate of C$0.04 by C($0.10). Tamarack Valley Energy had a return on equity of 2.78% and a net margin of 4.16%. The business had revenue of C$393.34 million during the quarter. On average, analysts anticipate that Tamarack Valley Energy Ltd will post 0.1714964 EPS for the current year.

Tamarack Valley Energy Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.013 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date is Friday, June 28th. Tamarack Valley Energy’s payout ratio is 136.36%.

Analysts Set New Price Targets

TVE has been the subject of a number of recent research reports. CIBC upped their target price on Tamarack Valley Energy from C$4.50 to C$5.25 and gave the stock an “outperform” rating in a report on Monday, April 22nd. BMO Capital Markets set a C$4.00 price objective on Tamarack Valley Energy and gave the company a “market perform” rating in a research note on Thursday, March 21st. Stifel Nicolaus lifted their target price on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a research report on Thursday, May 9th. Cormark upped their price target on shares of Tamarack Valley Energy from C$4.75 to C$5.00 in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group raised their price target on shares of Tamarack Valley Energy from C$4.25 to C$4.75 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$4.98.

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.