Key Points
- Director Robert Spitzer sold 10,000 shares of Tamarack Valley Energy on June 12 at an average price of C$13.02, trimming his stake by 2.3% to 424,442 shares.
- The company recently reported quarterly EPS of C$0.20 on revenue of C$375.55 million, while analysts still expect full-year EPS of about 0.139.
- Tamarack Valley Energy declared a quarterly dividend of C$0.04 per share, implying an annualized yield of 1.3%, and Wall Street sentiment remains positive with nine Buy ratings and an average target price of C$12.73.
Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Director Robert Spitzer sold 10,000 shares of the company's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$13.02, for a total value of C$130,200.00. Following the completion of the transaction, the director owned 424,442 shares in the company, valued at C$5,526,234.84. This represents a 2.30% decrease in their position.
Robert Spitzer also recently made the following trade(s):
- On Thursday, March 19th, Robert Spitzer bought 4,501 shares of Tamarack Valley Energy stock. The stock was acquired at an average price of C$5.44 per share, for a total transaction of C$24,485.44.
Tamarack Valley Energy Price Performance
Shares of TVE opened at C$12.73 on Tuesday. The company has a market capitalization of C$6.09 billion, a price-to-earnings ratio of -70.72 and a beta of 0.28. Tamarack Valley Energy Ltd has a fifty-two week low of C$4.68 and a fifty-two week high of C$14.03. The company has a debt-to-equity ratio of 37.62, a current ratio of 0.69 and a quick ratio of 0.80. The business's 50-day moving average is C$12.36 and its 200-day moving average is C$10.27.
Tamarack Valley Energy (TSE:TVE - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$375.55 million for the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%. Equities research analysts expect that Tamarack Valley Energy Ltd will post 0.1386527 EPS for the current fiscal year.
Tamarack Valley Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a $0.04 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. Tamarack Valley Energy's dividend payout ratio is currently -86.62%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on TVE shares. Acumen Capital increased their price objective on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a "buy" rating in a report on Thursday, February 26th. Canadian Imperial Bank of Commerce increased their price objective on Tamarack Valley Energy from C$14.25 to C$15.25 and gave the stock an "outperformer" rating in a report on Friday, May 29th. ATB Cormark Capital Markets increased their price objective on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an "outperform" rating in a report on Thursday, February 26th. National Bank Financial increased their price objective on Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an "outperform" rating in a report on Thursday, February 26th. Finally, Raymond James Financial upgraded Tamarack Valley Energy from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from C$12.00 to C$15.00 in a report on Friday, May 29th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of C$12.73.
Check Out 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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