Key Points
- Director Shannon Joseph bought 27,521 Tamarack Valley Energy shares on June 16 at an average price of C$12.56, a C$345,663.76 transaction that boosted their holdings by 70.83%.
- Tamarack Valley Energy shares were trading near C$12.61, with the stock down 0.9% on the day and sitting close to its 52-week high of C$14.03.
- Analysts remain broadly positive on TVE, with nine Buy ratings and an average target price of C$12.73; the company also announced a quarterly dividend of C$0.04 per share.
Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Director Shannon Joseph acquired 27,521 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were purchased at an average price of C$12.56 per share, for a total transaction of C$345,663.76. Following the transaction, the director directly owned 66,376 shares of the company's stock, valued at approximately C$833,682.56. The trade was a 70.83% increase in their ownership of the stock.
Shannon Joseph also recently made the following trade(s):
- On Thursday, March 19th, Shannon Joseph acquired 36 shares of Tamarack Valley Energy stock. The shares were purchased at an average price of C$6.03 per share, for a total transaction of C$217.08.
Tamarack Valley Energy Trading Down 0.9%
TVE stock opened at C$12.61 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.69 and a debt-to-equity ratio of 37.62. Tamarack Valley Energy Ltd has a twelve month low of C$4.68 and a twelve month high of C$14.03. The stock has a market capitalization of C$6.03 billion, a price-to-earnings ratio of -70.06 and a beta of 0.28. The firm's fifty day simple moving average is C$12.39 and its two-hundred day simple moving average is C$10.30.
Tamarack Valley Energy (TSE:TVE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. The business had revenue of C$375.55 million for the quarter. As a group, analysts anticipate that Tamarack Valley Energy Ltd will post 0.1386527 earnings per share for the current year.
Tamarack Valley Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.04 per share. 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 payout ratio is -86.62%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on TVE shares. Royal Bank Of Canada upped their price target on shares of Tamarack Valley Energy from C$11.00 to C$12.00 and gave the stock an "outperform" rating in a report on Monday, April 13th. Acumen Capital upped their price target on shares of 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. Roth Mkm set a C$15.00 price target on shares of Tamarack Valley Energy and gave the stock a "buy" rating in a report on Tuesday, May 19th. Canadian Imperial Bank of Commerce upped their price target on shares of 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. Finally, National Bank Financial upped their price target on shares of 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. Nine equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Tamarack Valley Energy has an average rating of "Buy" and an average target price of C$12.73.
Get Our Latest Stock Analysis on TVE
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
