Rene Amirault Acquires 83,600 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Rene Amirault bought 83,600 shares of Tamarack Valley Energy stock in a transaction dated Tuesday, April 15th. The stock was purchased at an average cost of C$3.61 per share, for a total transaction of C$302,163.84.

Tamarack Valley Energy Price Performance

TSE:TVE opened at C$3.73 on Thursday. The firm’s fifty day moving average is C$4.15 and its two-hundred day moving average is C$4.32. The firm has a market cap of C$1.97 billion, a price-to-earnings ratio of 9.55 and a beta of 2.49. Tamarack Valley Energy Ltd has a one year low of C$3.10 and a one year high of C$5.05. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73.

Tamarack Valley Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be given a $0.0127 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.15 annualized dividend and a yield of 4.09%. Tamarack Valley Energy’s dividend payout ratio is presently 38.41%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on TVE shares. National Bankshares cut 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 dropped their price target on Tamarack Valley Energy from C$6.50 to C$5.50 in a research report on Thursday, April 10th. BMO Capital Markets raised their price objective on Tamarack Valley Energy from C$6.00 to C$6.50 in a research note on Thursday, February 13th. Finally, Desjardins lowered Tamarack Valley Energy from a “buy” rating to a “hold” rating and decreased their price target for the company from C$6.00 to C$5.25 in a report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tamarack Valley Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$5.69.

About Tamarack Valley Energy

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.