Marnie Smith Sells 9,668 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Marnie Smith sold 9,668 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$4.42, for a total transaction of C$42,732.56.

Tamarack Valley Energy Stock Down 2.3 %

TSE TVE opened at C$4.21 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of 18.30 and a beta of 2.49. The company has a 50 day moving average of C$4.28 and a 200-day moving average of C$3.99. Tamarack Valley Energy Ltd has a 1-year low of C$2.90 and a 1-year high of C$4.70.

Tamarack Valley Energy Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 16th were issued a $0.0127 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Tamarack Valley Energy’s previous monthly dividend of $0.01. This represents a $0.15 annualized dividend and a yield of 3.62%. Tamarack Valley Energy’s payout ratio is currently 65.22%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Raymond James raised Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets increased their price target on Tamarack Valley Energy from C$5.50 to C$6.00 in a research note on Friday, December 13th. Acumen Capital lifted their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group increased their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Finally, National Bankshares lifted their target price on shares of Tamarack Valley Energy from C$6.75 to C$7.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$5.50.

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.