Tamarack Valley Energy (TSE:TVE) Director Buys C$1,027,565.00 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Rene Amirault purchased 78,500 shares of Tamarack Valley Energy stock in a transaction that occurred on Wednesday, June 3rd. The shares were bought at an average price of C$13.09 per share, with a total value of C$1,027,565.00. Following the completion of the transaction, the director owned 454,602 shares of the company’s stock, valued at C$5,950,740.18. This represents a 20.87% increase in their position.

Rene Amirault also recently made the following trade(s):

• On Thursday, March 19th, Rene Amirault purchased 8 shares of Tamarack Valley Energy stock. The shares were bought at an average price of C$8.29 per share, with a total value of C$66.32.

Tamarack Valley Energy Price Performance

Shares of TVE stock opened at C$13.30 on Monday. The stock has a 50 day moving average of C$12.13 and a 200 day moving average of C$10.02. The company has a current ratio of 0.69, a quick ratio of 0.80 and a debt-to-equity ratio of 37.62. The stock has a market cap of C$6.36 billion, a P/E ratio of -73.89 and a beta of 0.28. Tamarack Valley Energy Ltd has a twelve month low of C$4.43 and a twelve month high of C$14.03.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. The company had revenue of C$375.55 million during the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%. As a group, sell-side analysts expect that Tamarack Valley Energy Ltd will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, June 15th. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently -86.62%.

Analysts Set New Price Targets

Several brokerages have commented on TVE. Canaccord Genuity Group raised Tamarack Valley Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from C$12.00 to C$15.00 in a report on Friday, May 29th. Roth Mkm set a C$15.00 price target on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research note on Tuesday, May 19th. ATB Cormark Capital Markets increased their target price on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a report on Thursday, February 26th. Acumen Capital increased their target price on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Desjardins boosted their price target on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Tamarack Valley Energy presently has an average rating of “Buy” and a consensus price target of C$12.73.

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.