Robert Spitzer Sells 10,000 Shares of Tamarack Valley Energy (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer sold 10,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of C$13.02, for a total value of C$130,200.00. Following the completion of the transaction, the director directly owned 424,442 shares in the company, valued at approximately C$5,526,234.84. This represents a 2.30% decrease in their position.

Robert Spitzer also recently made the following trade(s):

• On Thursday, March 19th, Robert Spitzer acquired 4,501 shares of Tamarack Valley Energy stock. The stock was acquired at an average cost of C$5.44 per share, for a total transaction of C$24,485.44.

Tamarack Valley Energy Stock Down 0.9%

TVE stock opened at C$12.61 on Wednesday. The stock’s fifty day simple moving average is C$12.39 and its two-hundred day simple moving average is C$10.30. The company has a current ratio of 0.69, a quick ratio of 0.80 and a debt-to-equity ratio of 37.62. Tamarack Valley Energy Ltd has a 1-year low of C$4.68 and a 1-year high of C$14.03. The stock has a market cap of C$6.03 billion, a P/E ratio of -70.06 and a beta of 0.28.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%.The business had revenue of C$375.55 million for the quarter. Analysts expect that Tamarack Valley Energy Ltd will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $0.16 annualized dividend and a yield of 1.3%. Tamarack Valley Energy’s payout ratio is currently -86.62%.

Analyst Upgrades and Downgrades

TVE has been the topic of a number of recent research reports. ATB Cormark Capital Markets upped their price target on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce upped their price target on Tamarack Valley Energy from C$14.25 to C$15.25 and gave the company an “outperformer” rating in a research report on Friday, May 29th. Desjardins upped their price target on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, February 26th. Acumen Capital upped their price target on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, February 26th. Finally, Canaccord Genuity Group raised Tamarack Valley Energy from a “hold” rating to a “buy” rating and upped their price target for the company from C$12.00 to C$15.00 in a research report on Friday, May 29th. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$12.73.

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.