Kevin James Johnston Purchases 15,000 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Kevin James Johnston acquired 15,000 shares of the stock in a transaction on Wednesday, April 9th. The stock was bought at an average price of C$3.29 per share, with a total value of C$49,350.00.

Tamarack Valley Energy Stock Up 13.7 %

Shares of TVE traded up C$0.46 on Wednesday, reaching C$3.82. The stock had a trading volume of 3,825,028 shares, compared to its average volume of 2,176,280. The company has a 50-day simple moving average of C$4.26 and a 200-day simple moving average of C$4.34. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 9.78 and a beta of 2.49. Tamarack Valley Energy Ltd has a 12-month low of C$3.10 and a 12-month high of C$5.05.

Tamarack Valley Energy Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were paid a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date was Friday, February 28th. Tamarack Valley Energy’s payout ratio is 38.41%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TVE shares. BMO Capital Markets upped their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. National Bankshares dropped their target price on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a report on Thursday, December 19th. CIBC boosted their price target on Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Finally, Desjardins lowered Tamarack Valley Energy from a “buy” rating to a “hold” rating and lowered their price target for the company from C$6.00 to C$5.25 in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.