Key Points
- Director Robert Spitzer bought 4,501 shares at C$5.44 on March 19, raising his holding by 1.05% to 434,442 shares valued at about C$2.36 million.
- Tamarack Valley traded at C$11.29 (near its 1‑year high of C$11.40), announced a quarterly dividend of C$0.04 (C$0.16 annualized, 1.4% yield) and reported C$0.10 EPS last quarter amid negative margins; analysts' consensus is a Moderate Buy with an average target of C$10.11.
Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Director Robert Spitzer bought 4,501 shares of the stock in a transaction on Thursday, March 19th. The stock was purchased at an average cost of C$5.44 per share, with a total value of C$24,485.44. Following the acquisition, the director owned 434,442 shares in the company, valued at approximately C$2,363,364.48. This represents a 1.05% increase in their ownership of the stock.
Tamarack Valley Energy Trading Up 1.0%
Shares of TVE stock traded up C$0.11 during mid-day trading on Friday, reaching C$11.29. 328,103 shares of the stock traded hands, compared to its average volume of 2,026,813. The company has a market cap of C$5.47 billion, a price-to-earnings ratio of -161.29 and a beta of 0.70. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 37.29. The stock's fifty day simple moving average is C$9.56 and its two-hundred day simple moving average is C$7.74. Tamarack Valley Energy Ltd has a 1-year low of C$3.10 and a 1-year high of C$11.40.
Tamarack Valley Energy (TSE:TVE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 earnings per share (EPS) for the quarter. Tamarack Valley Energy had a negative net margin of 2.41% and a negative return on equity of 1.84%. The business had revenue of C$304.60 million during the quarter. On average, research analysts anticipate that Tamarack Valley Energy Ltd will post 0.1386527 EPS for the current fiscal year.
Tamarack Valley Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be paid a $0.04 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.16 annualized dividend and a dividend yield of 1.4%. Tamarack Valley Energy's payout ratio is currently -220.24%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TVE. Royal Bank Of Canada raised their target price on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the stock an "outperform" rating in a research report on Thursday, December 4th. Desjardins increased their price target on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a "buy" rating in a research note on Thursday, February 26th. Acumen Capital raised their price objective on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Raymond James Financial lowered Tamarack Valley Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, December 9th. Finally, Canaccord Genuity Group upped their target price on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the company a "hold" rating in a report on Thursday, February 26th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Tamarack Valley Energy has an average rating of "Moderate Buy" and an average target price of C$10.11.
Check Out Our Latest Research Report on Tamarack Valley Energy
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.
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