Shannon Joseph Acquires 4,950 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Shannon Joseph acquired 4,950 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of C$3.66 per share, with a total value of C$18,105.12.

Tamarack Valley Energy Stock Down 0.5 %

TSE TVE traded down C$0.02 during trading hours on Friday, hitting C$3.84. 1,303,901 shares of the company traded hands, compared to its average volume of 2,165,336. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.80 and a current ratio of 0.90. The business’s 50-day moving average is C$3.76 and its 200-day moving average is C$3.64. The stock has a market capitalization of C$2.09 billion, a price-to-earnings ratio of 16.70 and a beta of 2.51. Tamarack Valley Energy Ltd has a twelve month low of C$2.76 and a twelve month high of C$4.34.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.10). The company had revenue of C$393.34 million during the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%. Sell-side analysts anticipate that Tamarack Valley Energy Ltd will post 0.1262263 earnings per share for the current year.

Tamarack Valley Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be paid a $0.013 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Wednesday, July 31st. Tamarack Valley Energy’s dividend payout ratio is currently 65.22%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TVE. Cormark lifted their price target on shares of Tamarack Valley Energy from C$4.75 to C$5.00 in a research note on Thursday, May 9th. Stifel Nicolaus boosted their price objective on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a research report on Thursday, May 9th. Canaccord Genuity Group increased their target price on Tamarack Valley Energy from C$4.25 to C$4.75 and gave the stock a “buy” rating in a report on Wednesday, April 17th. CIBC boosted their price target on Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Monday, July 15th. Finally, Desjardins set a C$5.00 price objective on Tamarack Valley Energy and gave the stock a “buy” rating in a research report on Tuesday, June 25th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$5.00.

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.