Tamarack Valley Energy (TSE:TVE) Hits New 12-Month Low – Should You Sell?

Tamarack Valley Energy Ltd (TSE:TVE)’s stock price reached a new 52-week low on Monday . The company traded as low as C$3.23 and last traded at C$3.46, with a volume of 731714 shares trading hands. The stock had previously closed at C$3.65.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TVE shares. Desjardins downgraded shares of 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 note on Wednesday, March 19th. BMO Capital Markets upped their price objective on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. CIBC upped their price target on Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Finally, National Bankshares dropped their price objective on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Two equities research 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.81.

Tamarack Valley Energy Stock Performance

The business has a 50-day moving average of C$4.33 and a 200 day moving average of C$4.35. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. The company has a market cap of C$1.90 billion, a PE ratio of 9.19 and a beta of 2.49.

Tamarack Valley Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a $0.0127 dividend. This represents a $0.15 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 38.41%.

Insider Buying and Selling

In related news, Director Robert Spitzer acquired 31,985 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The shares were purchased at an average price of C$4.19 per share, with a total value of C$134,017.15. Also, Senior Officer Brian Leslie Schmidt acquired 84,734 shares of the stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of C$4.55 per share, for a total transaction of C$385,539.70. 1.32% of the stock is currently owned by insiders.

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.