Tamarack Valley Energy Ltd (TSE:TVE – Get Free Report) insider Kevin James Johnston purchased 7,000 shares of Tamarack Valley Energy stock in a transaction on Friday, October 30th. The shares were acquired at an average cost of C$14.13 per share, with a total value of C$98,910.00. Following the completion of the transaction, the insider directly owned 119,629 shares in the company, valued at C$1,690,357.77. The trade was a 6.22% increase in their position.
Kevin James Johnston also recently made the following trade(s):
- On Monday, November 2nd, Kevin James Johnston purchased 4,000 shares of Tamarack Valley Energy stock. The shares were purchased at an average cost of C$13.59 per share, for a total transaction of C$54,360.00.
- On Thursday, September 17th, Kevin James Johnston acquired 7,500 shares of Tamarack Valley Energy stock. The stock was acquired at an average cost of C$13.44 per share, for a total transaction of C$100,800.00.
Tamarack Valley Energy Price Performance
TSE TVE traded down C$0.87 on Monday, hitting C$13.22. The company had a trading volume of 1,724,972 shares, compared to its average volume of 2,146,705. The company has a debt-to-equity ratio of 17.31, a current ratio of 1.95 and a quick ratio of 0.80. The company’s fifty day moving average price is C$13.79 and its 200-day moving average price is C$12.18. The company has a market capitalization of C$6.21 billion, a PE ratio of 17.39 and a beta of 0.41. Tamarack Valley Energy Ltd has a 12-month low of C$6.06 and a 12-month high of C$15.16.
Tamarack Valley Energy (TSE:TVE – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported C$0.28 EPS for the quarter. The firm had revenue of C$365.81 million during the quarter. Tamarack Valley Energy had a return on equity of 20.30% and a net margin of 22.34%. As a group, analysts predict that Tamarack Valley Energy Ltd will post 0.14 earnings per share for the current year.
Tamarack Valley Energy Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 15th. This is a boost from Tamarack Valley Energy’s previous quarterly dividend of $0.04. Tamarack Valley Energy’s dividend payout ratio is presently 22.29%.
Wall Street Analysts Forecast Growth
TVE has been the topic of several research reports. Royal Bank Of Canada increased their target price on Tamarack Valley Energy from C$15.00 to C$17.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Scotiabank set a C$17.00 price target on shares of Tamarack Valley Energy and gave the stock a “sector outperform” rating in a research note on Wednesday, September 30th. Canaccord Genuity Group boosted their price target on shares of Tamarack Valley Energy from C$15.00 to C$16.00 and gave the stock a “buy” rating in a research note on Wednesday, September 9th. ATB Cormark Capital Markets increased their price target on shares of Tamarack Valley Energy from C$16.00 to C$17.25 and gave the stock an “outperform” rating in a research report on Thursday, October 22nd. Finally, Jefferies Financial Group set a C$17.00 price objective on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research note on Tuesday, August 18th. Eleven equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, Tamarack Valley Energy currently has a consensus rating of “Buy” and an average target price of C$15.08.
View Our Latest Research Report on TVE
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.
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