Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer Acquires 31,985 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer purchased 31,985 shares of Tamarack Valley Energy stock in a transaction dated Thursday, April 3rd. The stock was bought at an average price of C$4.19 per share, with a total value of C$134,017.15.

Tamarack Valley Energy Stock Performance

Tamarack Valley Energy stock opened at C$3.65 on Friday. Tamarack Valley Energy Ltd has a fifty-two week low of C$3.44 and a fifty-two week high of C$5.05. 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 stock has a market cap of C$1.93 billion, a P/E ratio of 9.35 and a beta of 2.49. The firm’s fifty day moving average price is C$4.33 and its 200-day moving average price is C$4.35.

Tamarack Valley Energy Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, March 14th were given a dividend of $0.0127 per share. The ex-dividend date was Friday, February 28th. This represents a $0.15 dividend on an annualized basis and a yield of 4.18%. Tamarack Valley Energy’s payout ratio is 38.41%.

Wall Street Analyst Weigh In

TVE has been the subject of a number of recent analyst reports. National Bankshares reduced their target price on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a report on Thursday, December 19th. Desjardins lowered shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$6.00 to C$5.25 in a report on Wednesday, March 19th. BMO Capital Markets raised their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. Finally, CIBC upped their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$5.81.

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.