Tamarack Valley Energy (TSE:TVE) Shares Down 1% - Time to Sell?

Shares of Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) were down 1% on Monday . The company traded as low as C$4.81 and last traded at C$4.83. Approximately 1,209,996 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 2,166,311 shares. The stock had previously closed at C$4.88.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TVE shares. Royal Bank Of Canada raised their price objective on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company an "outperform" rating in a report on Monday. Raymond James Financial raised their price objective on Tamarack Valley Energy from C$5.00 to C$5.50 in a report on Thursday. CIBC decreased their price objective on Tamarack Valley Energy from C$6.50 to C$5.50 in a report on Thursday, April 10th. Finally, Desjardins lowered Tamarack Valley Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$5.91.

Tamarack Valley Energy Stock Performance

The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. The firm has a fifty day moving average price of C$4.35 and a 200 day moving average price of C$4.34. The firm has a market cap of C$2.55 billion, a PE ratio of 12.37 and a beta of 2.49.

Tamarack Valley Energy Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were issued a dividend of $0.0127 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.15 annualized dividend and a dividend yield of 3.16%. Tamarack Valley Energy's dividend payout ratio is presently 38.41%.

Insider Buying and Selling

In related news, Senior Officer Steven Buytels acquired 8,065 shares of Tamarack Valley Energy stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of C$3.66 per share, for a total transaction of C$29,517.90. Also, Director Rene Amirault acquired 85,500 shares of Tamarack Valley Energy stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of C$4.12 per share, for a total transaction of C$352,260.00. Insiders have acquired 224,150 shares of company stock worth $867,309 in the last quarter. 1.32% of the stock is currently owned by insiders.

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.

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