Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Steven Buytels Buys 8,065 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Steven Buytels acquired 8,065 shares of the business’s stock in a transaction on Friday, April 4th. The stock was acquired at an average price of C$3.66 per share, with a total value of C$29,517.90.

Tamarack Valley Energy Stock Performance

TSE TVE opened at C$3.53 on Friday. The stock has a fifty day simple moving average of C$4.22 and a 200-day simple moving average of C$4.33. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. The stock has a market cap of C$1.86 billion, a PE ratio of 9.04 and a beta of 2.49. Tamarack Valley Energy Ltd has a twelve month low of C$3.10 and a twelve month high of C$5.05.

Tamarack Valley Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

TVE has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. National Bankshares cut their target price on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research note on Thursday, December 19th. CIBC lowered their price target on shares of Tamarack Valley Energy from C$6.50 to C$5.50 in a research report on Thursday. Finally, Desjardins cut shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$6.00 to C$5.25 in a research report on Wednesday, March 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$5.69.

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.