Tamarack Valley Energy (TSE:TVE) Stock: Insider Kevin James Johnston Buys 4,000 Shares

Tamarack Valley Energy Ltd (TSE:TVE) insider Kevin James Johnston purchased 4,000 shares of the stock in a transaction dated Monday, November 2nd. The stock was purchased at an average cost of C$13.59 per share, for a total transaction of C$54,360.00. Following the completion of the purchase, the insider directly owned 123,629 shares of the company’s stock, valued at approximately C$1,680,118.11. The trade was a 3.34% increase in their ownership of the stock.

Kevin James Johnston also recently made the following trade(s):

• On Friday, October 30th, Kevin James Johnston acquired 7,000 shares of Tamarack Valley Energy stock. The stock was purchased at an average price of C$14.13 per share, for a total transaction of C$98,910.00.
• On Thursday, September 17th, Kevin James Johnston acquired 7,500 shares of Tamarack Valley Energy stock. The stock was purchased at an average price of C$13.44 per share, for a total transaction of C$100,800.00.

Tamarack Valley Energy Trading Down 0.9%

Shares of TVE opened at C$12.90 on Wednesday. Tamarack Valley Energy Ltd has a 52-week low of C$6.06 and a 52-week high of C$15.16. The company has a quick ratio of 0.80, a current ratio of 1.95 and a debt-to-equity ratio of 17.31. The firm’s fifty day moving average is C$13.76 and its two-hundred day moving average is C$12.22. The stock has a market cap of C$6.06 billion, a PE ratio of 16.97 and a beta of 0.53.

Tamarack Valley Energy (TSE:TVE) last issued its earnings results on Wednesday, October 28th. The company reported C$0.28 EPS for the quarter. The business had revenue of C$365.81 million during the quarter. Tamarack Valley Energy had a net margin of 22.34% and a return on equity of 20.30%. Research analysts forecast that Tamarack Valley Energy Ltd will post 0.14 earnings per share for the current fiscal year.

Tamarack Valley Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 15th. This is a boost from Tamarack Valley Energy’s previous quarterly dividend of $0.04. This represents a $0.20 dividend on an annualized basis and a yield of 1.6%. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 22.29%.

Analyst Ratings Changes

A number of analysts have commented on TVE shares. Raymond James Financial increased their price objective on shares of Tamarack Valley Energy from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. ATB Cormark Capital Markets boosted their target price on Tamarack Valley Energy from C$16.00 to C$17.25 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Desjardins upped their price target on Tamarack Valley Energy from C$16.00 to C$16.50 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Royal Bank Of Canada upped their price target on Tamarack Valley Energy from C$15.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. Finally, Jefferies Financial Group set a C$17.00 price target on Tamarack Valley Energy and gave the company a “buy” rating in a report on Tuesday, August 18th. Eleven equities research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$15.08.

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.