Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Senior Officer Kevin James Johnston purchased 15,000 shares of the company's stock in a transaction dated Wednesday, April 9th. The shares were acquired at an average price of C$3.29 per share, for a total transaction of C$49,350.00.
Tamarack Valley Energy Price Performance
Shares of TVE opened at C$3.78 on Thursday. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The stock has a market capitalization of C$2.00 billion, a PE ratio of 9.68 and a beta of 2.49. The company has a 50 day moving average price of C$4.24 and a 200-day moving average price of C$4.33. Tamarack Valley Energy Ltd has a fifty-two week low of C$3.10 and a fifty-two week high of C$5.05.
Tamarack Valley Energy Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a dividend of $0.0127 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.15 annualized dividend and a dividend yield of 4.03%. Tamarack Valley Energy's dividend payout ratio (DPR) is presently 38.41%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. National Bankshares lowered their target price 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 boosted 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 boosted their target price on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Finally, Desjardins downgraded shares of Tamarack Valley Energy from a "buy" rating to a "hold" rating and cut their price target for the company from C$6.00 to C$5.25 in a report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Tamarack Valley Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of C$5.81.
View Our Latest Stock Analysis on TVE
Tamarack Valley Energy Company Profile
(
Get Free Report)
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.
Further Reading
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