Insider Buying: Tamarack Valley Energy Ltd (TSE:TVE) Director Buys C$302,163.84 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Rene Amirault bought 83,600 shares of Tamarack Valley Energy stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of C$3.61 per share, with a total value of C$302,163.84.

Tamarack Valley Energy Price Performance

Tamarack Valley Energy stock opened at C$3.73 on Thursday. 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 market capitalization of C$1.97 billion, a price-to-earnings ratio of 9.55 and a beta of 2.49. The company’s 50 day simple moving average is C$4.15 and its 200-day simple moving average is C$4.32. Tamarack Valley Energy Ltd has a 1 year low of C$3.10 and a 1 year high of C$5.05.

Tamarack Valley Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Wednesday, April 30th. Tamarack Valley Energy’s dividend payout ratio (DPR) is 38.41%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TVE. CIBC lowered their price target on Tamarack Valley Energy from C$6.50 to C$5.50 in a research note on Thursday, April 10th. Desjardins downgraded shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from C$6.00 to C$5.25 in a report on Wednesday, March 19th. National Bankshares decreased their target price on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, BMO Capital Markets upped their price target on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$5.69.

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.