Rene Amirault Acquires 78,500 Shares of Tamarack Valley Energy (TSE:TVE) Stock

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

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

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

Tamarack Valley Energy Stock Performance

Shares of TSE TVE opened at C$13.30 on Friday. The business’s 50-day moving average price is C$12.13 and its two-hundred day moving average price is C$10.00. The company has a debt-to-equity ratio of 37.62, a current ratio of 0.69 and a quick ratio of 0.80. Tamarack Valley Energy Ltd has a one year low of C$4.43 and a one year high of C$14.03. The company has a market capitalization of C$6.36 billion, a P/E ratio of -73.89 and a beta of 0.28.

Tamarack Valley Energy (TSE:TVE) last issued its earnings results on Wednesday, May 6th. The company reported C$0.20 EPS for the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%.The firm had revenue of C$375.55 million for the quarter. Analysts anticipate that Tamarack Valley Energy Ltd will post 0.1386527 earnings per share for the current fiscal year.

Tamarack Valley Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TVE shares. Canaccord Genuity Group raised Tamarack Valley Energy from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$12.00 to C$15.00 in a research report on Friday, May 29th. Royal Bank Of Canada boosted their price target 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 raised Tamarack Valley Energy from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$12.00 to C$15.00 in a research report on Friday, May 29th. Acumen Capital boosted their price target on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a “buy” rating in a research report on Thursday, February 26th. Finally, National Bank Financial boosted their price target on Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$12.73.

About Tamarack Valley Energy

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.