Insider Buying: Tamarack Valley Energy Ltd (TSE:TVE) Director Purchases 31,985 Shares of Stock

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

Tamarack Valley Energy Trading Down 6.3 %

Shares of TSE:TVE traded down C$0.28 during mid-day trading on Thursday, hitting C$4.17. The stock had a trading volume of 1,262,552 shares, compared to its average volume of 2,120,590. Tamarack Valley Energy Ltd has a 12-month low of C$3.44 and a 12-month 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 company has a market cap of C$2.20 billion, a PE ratio of 10.68 and a beta of 2.49. The company’s 50 day moving average is C$4.36 and its 200-day moving average is C$4.35.

Tamarack Valley Energy Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were given a $0.0127 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.15 annualized dividend and a dividend yield of 3.65%. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 38.41%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. CIBC increased their price target on Tamarack Valley Energy from C$5.75 to C$6.50 in a research note on Friday, January 17th. Canaccord Genuity Group raised their target price on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. BMO Capital Markets upped their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research note on Thursday, February 13th. Desjardins lowered shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$6.00 to C$5.25 in a research note on Wednesday, March 19th. Finally, National Bankshares cut 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 research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tamarack Valley Energy has a consensus 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.