Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) Director Robert Spitzer acquired 4,501 shares of the stock in a transaction dated Thursday, March 19th. The stock was acquired at an average cost of C$5.44 per share, with a total value of C$24,485.44. Following the transaction, the director directly owned 434,442 shares in the company, valued at approximately C$2,363,364.48. This represents a 1.05% increase in their ownership of the stock.

Tamarack Valley Energy Stock Up 2.3%

TSE:TVE traded up C$0.25 during mid-day trading on Thursday, hitting C$11.20. 1,916,476 shares of the company's stock traded hands, compared to its average volume of 2,044,765. The company has a fifty day moving average of C$9.49 and a 200 day moving average of C$7.71. The company has a debt-to-equity ratio of 37.29, a quick ratio of 0.80 and a current ratio of 0.90. Tamarack Valley Energy Ltd has a twelve month low of C$3.10 and a twelve month high of C$11.33. The company has a market capitalization of C$5.42 billion, a P/E ratio of -160.00 and a beta of 0.70.

Tamarack Valley Energy (TSE:TVE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported C$0.10 earnings per share for the quarter. Tamarack Valley Energy had a negative return on equity of 1.84% and a negative net margin of 2.41%.The business had revenue of C$304.60 million during the quarter. On average, analysts forecast that Tamarack Valley Energy Ltd will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be paid a $0.04 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.16 dividend on an annualized basis and a yield of 1.4%. Tamarack Valley Energy's dividend payout ratio (DPR) is -220.24%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TVE. Desjardins upped their price target on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a "buy" rating in a research note on Thursday, February 26th. National Bank Financial boosted their price objective on shares of Tamarack Valley Energy from C$10.00 to C$11.50 and gave the company an "outperform" rating in a report on Thursday, February 26th. Acumen Capital upped their target price on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a "buy" rating in a research report on Thursday, February 26th. Canadian Imperial Bank of Commerce raised their target price on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the stock an "outperform" rating in a research note on Thursday, December 4th. Finally, Royal Bank Of Canada lifted their price target on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the stock an "outperform" rating in a research report on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$10.11.

View Our Latest Research Report on TVE

Tamarack Valley Energy Company Profile

(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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