Robert Spitzer Purchases 31,985 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer acquired 31,985 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were bought at an average price of C$4.19 per share, for a total transaction of C$134,017.15.

Tamarack Valley Energy Price Performance

TSE TVE opened at C$4.07 on Friday. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. Tamarack Valley Energy Ltd has a 12 month low of C$3.44 and a 12 month high of C$5.05. The stock has a market cap of C$2.15 billion, a price-to-earnings ratio of 10.42 and a beta of 2.49. The company’s 50 day moving average is C$4.35 and its two-hundred day moving average is C$4.35.

Tamarack Valley Energy Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a dividend of $0.0127 per share. The ex-dividend date was Friday, February 28th. This represents a $0.15 annualized dividend and a dividend yield of 3.74%. Tamarack Valley Energy’s payout ratio is 38.41%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TVE shares. Canaccord Genuity Group raised their price target on Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. Desjardins cut Tamarack Valley Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$6.00 to C$5.25 in a research report on Wednesday, March 19th. BMO Capital Markets upped their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. National Bankshares lowered 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. Finally, CIBC boosted their target price on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tamarack Valley Energy currently has an average rating of “Moderate Buy” and an average price target of C$5.81.

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.