Robert Spitzer Purchases 31,985 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer bought 31,985 shares of Tamarack Valley Energy stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average price of C$4.19 per share, with a total value of C$134,017.15.

Tamarack Valley Energy Stock Performance

TSE:TVE opened at C$3.65 on Friday. The company has a market capitalization of C$1.93 billion, a P/E ratio of 9.35 and a beta of 2.49. The business has a fifty day simple moving average of C$4.33 and a two-hundred day simple moving average of C$4.35. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. Tamarack Valley Energy Ltd has a 1 year low of C$3.44 and a 1 year high of C$5.05.

Tamarack Valley Energy Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a $0.0127 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, February 28th. Tamarack Valley Energy’s dividend payout ratio is currently 38.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TVE shares. National Bankshares reduced their price objective on shares of 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. Desjardins lowered Tamarack Valley Energy from a “buy” rating to a “hold” rating and reduced their target price for the company from C$6.00 to C$5.25 in a report on Wednesday, March 19th. CIBC increased their price target on Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. Finally, BMO Capital Markets boosted their price objective on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$5.81.

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.