Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Director Rene Amirault bought 83,600 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was purchased at an average price of C$3.61 per share, with a total value of C$302,163.84.
Tamarack Valley Energy Stock Up 0.3 %
TSE TVE traded up C$0.01 during trading on Tuesday, reaching C$3.76. 1,531,781 shares of the company's stock were exchanged, compared to its average volume of 2,168,651. 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 fifty-two week low of C$3.10 and a fifty-two week high of C$5.05. The company's fifty day simple moving average is C$4.11 and its 200-day simple moving average is C$4.32. The firm has a market capitalization of C$1.99 billion, a PE ratio of 9.63 and a beta of 2.49.
Tamarack Valley Energy Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be given a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, April 30th. Tamarack Valley Energy's payout ratio is presently 38.41%.
Analyst Ratings Changes
TVE has been the subject of a number of research analyst reports. CIBC cut their price target on shares of Tamarack Valley Energy from C$6.50 to C$5.50 in a report on Thursday, April 10th. BMO Capital Markets lifted their target price on Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. Finally, Desjardins downgraded 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Tamarack Valley Energy currently has an average rating of "Moderate Buy" and a consensus price target of C$5.69.
View Our Latest Stock Report on Tamarack Valley Energy
About Tamarack Valley Energy
(
Get Free Report)
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.
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