Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Brian Leslie Schmidt Purchases 84,734 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Brian Leslie Schmidt acquired 84,734 shares of the company’s stock in a transaction on Monday, March 3rd. The shares were bought at an average price of C$4.55 per share, for a total transaction of C$385,539.70.

Tamarack Valley Energy Stock Up 0.5 %

TVE opened at C$3.93 on Thursday. The company has a 50 day moving average of C$4.57 and a 200 day moving average of C$4.30. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. Tamarack Valley Energy Ltd has a 12 month low of C$3.43 and a 12 month high of C$5.05. The company has a market cap of C$2.08 billion, a PE ratio of 10.06 and a beta of 2.49.

Tamarack Valley Energy Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be given a $0.0127 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Friday, February 28th. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 38.41%.

Wall Street Analysts Forecast Growth

TVE has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. National Bankshares decreased their target price on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research report on Thursday, December 19th. CIBC boosted their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Finally, Canaccord Genuity Group raised their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$5.78.

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.