Tamarack Valley Energy Ltd (TSE:TVE) Director Sells C$42,732.56 in Stock

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

Tamarack Valley Energy Stock Performance

Shares of TSE TVE opened at C$4.23 on Friday. The stock has a market cap of C$2.30 billion, a price-to-earnings ratio of 18.39 and a beta of 2.49. The stock’s 50-day moving average is C$4.28 and its 200 day moving average is C$4.00. Tamarack Valley Energy Ltd has a 1-year low of C$2.90 and a 1-year high of C$4.70. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72.

Tamarack Valley Energy Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.60%. 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. Tamarack Valley Energy’s payout ratio is 65.22%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TVE. Acumen Capital boosted their target price on 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. BMO Capital Markets lifted their target price on Tamarack Valley Energy from C$5.50 to C$6.00 in a report on Friday, December 13th. Raymond James raised Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. National Bankshares decreased their price objective on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a report on Thursday. Finally, Canaccord Genuity Group increased their price target on Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tamarack Valley Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$5.48.

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.