Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$5.18 and last traded at C$5.16, with a volume of 1026619 shares changing hands. The stock had previously closed at C$5.09.
Analysts Set New Price Targets
Several research firms recently commented on TVE. Royal Bank Of Canada upped their target price on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research note on Monday, June 30th. CIBC dropped their target price on Tamarack Valley Energy from C$6.50 to C$5.50 in a research note on Thursday, April 10th. Desjardins lowered Tamarack Valley Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 3rd. Finally, Raymond James Financial boosted their price target on Tamarack Valley Energy from C$5.00 to C$5.50 in a research report on Thursday, June 26th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Tamarack Valley Energy has a consensus rating of "Moderate Buy" and an average price target of C$5.91.
Get Our Latest Report on Tamarack Valley Energy
Tamarack Valley Energy Price Performance
The stock has a market cap of C$2.73 billion, a PE ratio of 13.24 and a beta of 2.49. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. The business has a fifty day moving average of C$4.79 and a 200 day moving average of C$4.40.
Tamarack Valley Energy Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 15th will be issued a $0.0127 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Thursday, July 31st. Tamarack Valley Energy's dividend payout ratio is currently 38.41%.
Insider Buying and Selling
In other Tamarack Valley Energy news, Director Rene Amirault purchased 85,500 shares of Tamarack Valley Energy stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of C$4.12 per share, with a total value of C$352,260.00. Corporate insiders own 1.32% of the company's stock.
Tamarack Valley Energy Company Profile
(
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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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