Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Christine Ezinga Purchases 8,000 Shares

Tamarack Valley Energy Ltd (TSE:TVE – Get Rating) Senior Officer Christine Ezinga bought 8,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average price of C$3.66 per share, for a total transaction of C$29,276.00.

Tamarack Valley Energy Stock Down 4.1 %

Shares of TVE opened at C$3.51 on Friday. The firm has a market capitalization of C$1.95 billion, a P/E ratio of 5.09 and a beta of 2.76. Tamarack Valley Energy Ltd has a 12-month low of C$3.24 and a 12-month high of C$6.48. The company has a current ratio of 0.29, a quick ratio of 0.80 and a debt-to-equity ratio of 61.58. The firm has a fifty day moving average price of C$3.79 and a 200-day moving average price of C$4.28.

Tamarack Valley Energy (TSE:TVE – Get Rating) last issued its earnings results on Wednesday, March 1st. The company reported C$0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.08). The company had revenue of C$423.76 million for the quarter. Tamarack Valley Energy had a net margin of 25.80% and a return on equity of 18.20%. Equities research analysts expect that Tamarack Valley Energy Ltd will post 0.4135166 earnings per share for the current year.

Tamarack Valley Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.013 dividend. The ex-dividend date is Tuesday, May 30th. This represents a $0.16 dividend on an annualized basis and a yield of 4.44%. Tamarack Valley Energy’s dividend payout ratio is presently 21.74%.

Wall Street Analysts Forecast Growth

TVE has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their price objective on shares of Tamarack Valley Energy from C$6.00 to C$5.50 in a research report on Wednesday, March 29th. ATB Capital reduced their price objective on shares of Tamarack Valley Energy from C$7.50 to C$7.00 in a research report on Monday, April 17th. BMO Capital Markets reduced their price objective on shares of Tamarack Valley Energy from C$6.00 to C$5.00 in a research report on Monday, March 27th. Raymond James cut their target price on shares of Tamarack Valley Energy from C$13.00 to C$11.00 and set an “outperform” rating for the company in a report on Friday, March 3rd. Finally, Stifel Nicolaus cut their target price on shares of Tamarack Valley Energy from C$6.50 to C$6.25 in a report on Friday, March 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$6.88.

Tamarack Valley Energy Company Profile

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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.