Christine Ezinga Purchases 13,000 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Christine Ezinga bought 13,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were purchased at an average cost of C$3.99 per share, with a total value of C$51,870.00.

Christine Ezinga also recently made the following trade(s):

• On Tuesday, August 6th, Christine Ezinga purchased 8,000 shares of Tamarack Valley Energy stock. The shares were purchased at an average cost of C$3.67 per share, for a total transaction of C$29,367.20.
• On Thursday, June 6th, Christine Ezinga bought 15,570 shares of Tamarack Valley Energy stock. The shares were acquired at an average price of C$3.58 per share, for a total transaction of C$55,740.60.

Tamarack Valley Energy Stock Performance

TSE:TVE traded up C$0.03 on Thursday, reaching C$4.04. 522,336 shares of the company’s stock were exchanged, compared to its average volume of 2,148,423. The firm has a market cap of C$2.20 billion, a price-to-earnings ratio of 17.43 and a beta of 2.51. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The stock has a fifty day simple moving average of C$3.86 and a 200-day simple moving average of C$3.73. Tamarack Valley Energy Ltd has a 52 week low of C$2.76 and a 52 week high of C$4.34.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%. The company had revenue of C$382.98 million for the quarter. As a group, sell-side analysts predict that Tamarack Valley Energy Ltd will post 0.1298234 earnings per share for the current year.

Tamarack Valley Energy Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.013 dividend. This represents a $0.16 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend is Friday, August 30th. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 65.22%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cormark boosted 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. Stifel Nicolaus lifted their price target on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a research report on Thursday, May 9th. CIBC upped their price objective on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Monday, July 15th. Finally, Desjardins set a C$5.00 price objective on shares of Tamarack Valley Energy and gave the company a “buy” rating in a report on Tuesday, June 25th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$5.00.

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.