Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Purchases C$129,845.18 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Scott Shimek bought 36,667 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were acquired at an average price of C$3.54 per share, for a total transaction of C$129,845.18.

Scott Shimek also recently made the following trade(s):

• On Wednesday, April 3rd, Scott Shimek purchased 8,500 shares of Tamarack Valley Energy stock. The stock was bought at an average cost of C$4.08 per share, with a total value of C$34,680.00.

Tamarack Valley Energy Stock Down 1.1 %

TSE:TVE opened at C$3.49 on Monday. Tamarack Valley Energy Ltd has a twelve month low of C$2.76 and a twelve month high of C$4.34. The firm has a market capitalization of C$1.93 billion, a price-to-earnings ratio of 31.73 and a beta of 2.59. The company has a quick ratio of 0.80, a current ratio of 0.67 and a debt-to-equity ratio of 45.81. The stock’s 50 day moving average price is C$3.69 and its two-hundred day moving average price is C$3.46.

Tamarack Valley Energy (TSE:TVE) last issued its earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.10). The firm had revenue of C$393.34 million for the quarter. Tamarack Valley Energy had a return on equity of 2.78% and a net margin of 4.16%. Equities research analysts expect that Tamarack Valley Energy Ltd will post 0.1714964 earnings per share for the current fiscal year.

Tamarack Valley Energy Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.013 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.16 annualized dividend and a yield of 4.47%. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently 136.36%.

Analyst Ratings Changes

A number of analysts recently commented on TVE shares. BMO Capital Markets set a C$4.00 price objective on Tamarack Valley Energy and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Desjardins boosted their price target on shares of Tamarack Valley Energy from C$4.50 to C$4.75 and gave the stock a “buy” rating in a research note on Friday, March 22nd. Canaccord Genuity Group raised their price objective on shares of Tamarack Valley Energy from C$4.25 to C$4.75 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Cormark upped their target price on shares of Tamarack Valley Energy from C$4.75 to C$5.00 in a research report on Thursday, May 9th. Finally, Royal Bank of Canada raised their price target on Tamarack Valley Energy from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$4.95.

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.