Tamarack Valley Energy (TSE:TVE) Director Sells C$130,200.00 in Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer sold 10,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$13.02, for a total value of C$130,200.00. Following the transaction, the director owned 424,442 shares in the company, valued at approximately C$5,526,234.84. This represents a 2.30% decrease in their position.

Robert Spitzer also recently made the following trade(s):

• On Thursday, March 19th, Robert Spitzer acquired 4,501 shares of Tamarack Valley Energy stock. The stock was acquired at an average price of C$5.44 per share, for a total transaction of C$24,485.44.

Tamarack Valley Energy Trading Down 2.4%

TVE stock traded down C$0.31 on Monday, reaching C$12.71. The company’s stock had a trading volume of 901,696 shares, compared to its average volume of 2,186,166. The firm has a market cap of C$6.08 billion, a PE ratio of -70.61 and a beta of 0.28. The business has a fifty day simple moving average of C$12.33 and a two-hundred day simple moving average of C$10.23. Tamarack Valley Energy Ltd has a 12-month low of C$4.68 and a 12-month high of C$14.03. The company has a debt-to-equity ratio of 37.62, a quick ratio of 0.80 and a current ratio of 0.69.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$375.55 million for 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, research analysts forecast that Tamarack Valley Energy Ltd will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, June 15th. Tamarack Valley Energy’s dividend payout ratio is presently -86.62%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Roth Mkm set a C$15.00 price objective on Tamarack Valley Energy and gave the company a “buy” rating in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce upped their price target on shares of Tamarack Valley Energy from C$14.25 to C$15.25 and gave the stock an “outperformer” rating in a research report on Friday, May 29th. Royal Bank Of Canada lifted their price objective on Tamarack Valley Energy from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Raymond James Financial upgraded Tamarack Valley Energy from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$12.00 to C$15.00 in a report on Friday, May 29th. Finally, ATB Cormark Capital Markets lifted their price target on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, According to 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.