Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Acquires C$385,539.70 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Brian Leslie Schmidt bought 84,734 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of C$4.55 per share, with a total value of C$385,539.70.

Tamarack Valley Energy Stock Performance

Shares of TSE TVE opened at C$3.95 on Tuesday. The firm has a 50 day moving average of C$4.60 and a 200 day moving average of C$4.30. 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 market capitalization of C$2.09 billion, a price-to-earnings ratio of 10.11 and a beta of 2.49. Tamarack Valley Energy Ltd has a 12-month low of C$3.43 and a 12-month high of C$5.05.

Tamarack Valley Energy Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be given a dividend of $0.0127 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.15 annualized dividend and a yield of 3.86%. Tamarack Valley Energy’s dividend payout ratio (DPR) is 38.41%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. National Bankshares decreased their price objective on shares of 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. CIBC boosted their price objective on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. BMO Capital Markets boosted their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. Finally, Canaccord Genuity Group boosted their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Tamarack Valley Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$5.78.

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.