Brian Leslie Schmidt Buys 30,000 Shares of Tamarack Valley Energy Ltd (TSE:TVE) Stock

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Brian Leslie Schmidt bought 30,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were bought at an average cost of C$3.86 per share, for a total transaction of C$115,800.00.

Tamarack Valley Energy Stock Performance

Shares of TSE TVE opened at C$3.84 on Friday. The business’s 50-day moving average price is C$3.67 and its two-hundred day moving average price is C$3.50. The company has a debt-to-equity ratio of 45.81, a current ratio of 0.67 and a quick ratio of 0.80. Tamarack Valley Energy Ltd has a one year low of C$2.76 and a one year high of C$4.34. The company has a market capitalization of C$2.12 billion, a P/E ratio of 34.91 and a beta of 2.59.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.04 by C($0.10). Tamarack Valley Energy had a return on equity of 2.78% and a net margin of 4.16%. The company had revenue of C$393.34 million for the quarter. Analysts anticipate that Tamarack Valley Energy Ltd will post 0.1714964 earnings per share for the current fiscal year.

Tamarack Valley Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.013 per share. The ex-dividend date is Friday, June 28th. This represents a $0.16 annualized dividend and a yield of 4.06%. Tamarack Valley Energy’s payout ratio is 136.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TVE shares. Canaccord Genuity Group boosted their target price on Tamarack Valley Energy from C$4.25 to C$4.75 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. BMO Capital Markets set a C$4.00 target price on Tamarack Valley Energy and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Desjardins set a C$5.00 target price on Tamarack Valley Energy and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Stifel Nicolaus upped their price target on Tamarack Valley Energy from C$5.25 to C$5.50 in a research report on Thursday, May 9th. Finally, Cormark upped their price target on Tamarack Valley Energy from C$4.75 to C$5.00 in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$4.98.

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.