Tamarack Valley Energy (TSE:TVE) Director Robert Spitzer Sells 10,000 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of C$13.02, for a total transaction of C$130,200.00. Following the sale, the director directly owned 424,442 shares in the company, valued at C$5,526,234.84. The trade was a 2.30% decrease in their ownership of the stock.

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

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

Tamarack Valley Energy Stock Down 2.4%

TSE:TVE traded down C$0.31 during trading hours on Monday, reaching C$12.71. The company 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 price-to-earnings ratio of -70.61 and a beta of 0.28. Tamarack Valley Energy Ltd has a twelve month low of C$4.68 and a twelve month high of C$14.03. The business’s 50-day simple moving average is C$12.33 and its two-hundred day simple moving average is C$10.23. The company has a quick ratio of 0.80, a current ratio of 0.69 and a debt-to-equity ratio of 37.62.

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

Tamarack Valley Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on TVE. Royal Bank Of Canada boosted their target price 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. Roth Mkm set a C$15.00 price objective on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research report on Tuesday, May 19th. Desjardins increased their target price on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Canaccord Genuity Group upgraded Tamarack Valley Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from C$12.00 to C$15.00 in a research report on Friday, May 29th. Finally, Acumen Capital boosted their target price 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. Nine investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average 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.