Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Brian Leslie Schmidt Acquires 84,734 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Brian Leslie Schmidt purchased 84,734 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of C$4.55 per share, for a total transaction of C$385,539.70.

Tamarack Valley Energy Trading Down 7.5 %

TSE:TVE opened at C$3.95 on Tuesday. Tamarack Valley Energy Ltd has a one year low of C$3.43 and a one year high of C$5.05. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. The company’s 50-day simple moving average is C$4.60 and its 200 day simple moving average is C$4.30. The firm has a market capitalization of C$2.09 billion, a P/E ratio of 10.11 and a beta of 2.49.

Tamarack Valley Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a dividend of $0.0127 per share. This represents a $0.15 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Friday, February 28th. Tamarack Valley Energy’s payout ratio is currently 38.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group raised their price target on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. National Bankshares cut their target price on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. BMO Capital Markets lifted their target price on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research note on Thursday, February 13th. Finally, CIBC lifted their target price on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tamarack Valley Energy presently has an average rating of “Moderate Buy” and an average price target of C$5.78.

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.