Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Kevin James Johnston Purchases 15,000 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Kevin James Johnston acquired 15,000 shares of Tamarack Valley Energy stock in a transaction on Wednesday, April 9th. The stock was acquired at an average cost of C$3.29 per share, for a total transaction of C$49,350.00.

Tamarack Valley Energy Trading Down 6.6 %

Shares of TSE:TVE opened at C$3.53 on Friday. Tamarack Valley Energy Ltd has a 12 month low of C$3.10 and a 12 month high of C$5.05. The company has a quick ratio of 0.80, a current ratio of 0.73 and a debt-to-equity ratio of 34.61. The company’s fifty day simple moving average is C$4.22 and its 200 day simple moving average is C$4.33. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of 9.04 and a beta of 2.49.

Tamarack Valley Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a dividend of $0.0127 per share. The ex-dividend date was Friday, February 28th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 4.32%. Tamarack Valley Energy’s payout ratio is 38.41%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. National Bankshares reduced their price objective on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets increased their target price on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. CIBC cut their target price on shares of Tamarack Valley Energy from C$6.50 to C$5.50 in a report on Thursday. Finally, Desjardins lowered shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from C$6.00 to C$5.25 in a report on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Tamarack Valley Energy currently has an average 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.