Tamarack Valley Energy (TSE:TVE) Insider Kevin James Johnston Buys 7,500 Shares of Stock

Tamarack Valley Energy Ltd (TSE:TVE) insider Kevin James Johnston bought 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was acquired at an average cost of C$13.44 per share, with a total value of C$100,800.00. Following the completion of the acquisition, the insider owned 104,491 shares of the company’s stock, valued at C$1,404,359.04. This represents a 7.73% increase in their position.

Tamarack Valley Energy Price Performance

Tamarack Valley Energy stock opened at C$13.42 on Friday. Tamarack Valley Energy Ltd has a 52-week low of C$5.84 and a 52-week high of C$14.42. The company has a quick ratio of 0.80, a current ratio of 2.30 and a debt-to-equity ratio of 18.26. The firm’s fifty day moving average is C$13.34 and its 200 day moving average is C$12.47. The company has a market cap of C$6.37 billion, a price-to-earnings ratio of 191.71 and a beta of 0.26.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Tuesday, July 28th. The company reported C$0.43 EPS for the quarter. Tamarack Valley Energy had a net margin of 1.50% and a return on equity of 1.34%. The business had revenue of C$493.95 million during the quarter. Sell-side analysts forecast that Tamarack Valley Energy Ltd will post 0.1386527 EPS for the current fiscal year.

Tamarack Valley Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 30th will be given a $0.05 dividend. This is an increase from Tamarack Valley Energy’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, September 15th. Tamarack Valley Energy’s dividend payout ratio (DPR) is 225.24%.

Analyst Ratings Changes

TVE has been the subject of several analyst reports. Canadian Imperial Bank of Commerce raised their price objective on Tamarack Valley Energy from C$14.25 to C$15.25 and gave the company an “outperformer” rating in a research note on Friday, May 29th. Desjardins increased their price target on Tamarack Valley Energy from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Wednesday, September 9th. Jefferies Financial Group set a C$17.00 price target on Tamarack Valley Energy and gave the stock a “buy” rating in a research report on Tuesday, August 18th. Raymond James Financial lifted their price objective on shares of Tamarack Valley Energy from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Finally, Canaccord Genuity Group boosted their price objective on shares of Tamarack Valley Energy from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 9th. Ten research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tamarack Valley Energy currently has an average rating of “Buy” and an average target price of C$13.93.

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.