Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Senior Officer Scott Shimek purchased 8,500 shares of Tamarack Valley Energy stock in a transaction on Wednesday, April 3rd. The shares were purchased at an average cost of C$4.08 per share, with a total value of C$34,680.00.
Tamarack Valley Energy Trading Up 1.7 %
Shares of Tamarack Valley Energy stock opened at C$4.20 on Friday. The business has a fifty day simple moving average of C$3.46 and a two-hundred day simple moving average of C$3.50. Tamarack Valley Energy Ltd has a 1 year low of C$2.76 and a 1 year high of C$4.34. The company has a market capitalization of C$2.28 billion, a price-to-earnings ratio of 24.71 and a beta of 2.59. The company has a debt-to-equity ratio of 43.39, a current ratio of 0.52 and a quick ratio of 0.80.
Tamarack Valley Energy (TSE:TVE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported C$0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.06 by C$0.04. The business had revenue of C$418.86 million during the quarter. Tamarack Valley Energy had a return on equity of 4.34% and a net margin of 6.70%. Research analysts forecast that Tamarack Valley Energy Ltd will post 0.2300779 EPS for the current year.
Tamarack Valley Energy Dividend Announcement
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The company also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.013 per share. This represents a $0.16 annualized dividend and a yield of 3.71%. The ex-dividend date is Wednesday, March 27th. Tamarack Valley Energy's payout ratio is 88.24%.
Analysts Set New Price Targets
TVE has been the subject of several recent analyst reports. BMO Capital Markets set a C$4.00 price objective on Tamarack Valley Energy and gave the company a "market perform" rating in a report on Thursday, March 21st. Desjardins increased their price objective on Tamarack Valley Energy from C$4.50 to C$4.75 and gave the company a "buy" rating in a report on Friday, March 22nd. Royal Bank of Canada increased their price objective on Tamarack Valley Energy from C$4.00 to C$4.25 and gave the company an "outperform" rating in a report on Thursday, February 29th. CIBC cut their price objective on Tamarack Valley Energy from C$5.25 to C$4.50 and set an "outperform" rating for the company in a report on Tuesday, January 16th. Finally, Raymond James cut their price objective on Tamarack Valley Energy from C$5.00 to C$4.00 and set an "outperform" rating for the company in a report on Friday, January 19th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$4.88.
View Our Latest Stock Analysis on Tamarack Valley Energy
About Tamarack Valley Energy
(
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.
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