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

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TVE shares. Desjardins cut shares of Tamarack Valley Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. CIBC dropped their price target on Tamarack Valley Energy from C$6.50 to C$5.50 in a research note on Thursday, April 10th. Raymond James Financial upped their price objective on Tamarack Valley Energy from C$5.00 to C$5.50 in a research report on Thursday, June 26th. Finally, Royal Bank Of Canada lifted 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 report on Monday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$5.91.

Tamarack Valley Energy Price Performance

The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The company has a fifty day moving average price of C$4.42 and a two-hundred day moving average price of C$4.35. The company has a market cap of C$2.58 billion, a P/E ratio of 12.49 and a beta of 2.49.

Tamarack Valley Energy Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 15th were issued a $0.0127 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend was Wednesday, April 30th. Tamarack Valley Energy's payout ratio is presently 38.41%.

Insider Buying and Selling at Tamarack Valley Energy

In other news, Director Rene Amirault bought 85,500 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of C$4.12 per share, for a total transaction of C$352,260.00. Also, Senior Officer Kevin James Johnston purchased 15,000 shares of the company's stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of C$3.29 per share, for a total transaction of C$49,350.00. Insiders purchased 184,100 shares of company stock valued at $703,774 over the last three months. 1.32% of the stock is owned by company insiders.

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.