Tamarack Valley Energy (TSE:TVE) Director Rene Amirault Purchases 78,500 Shares of Stock

Tamarack Valley Energy Ltd (TSE:TVE) Director Rene Amirault acquired 78,500 shares of Tamarack Valley Energy stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of C$13.09 per share, with a total value of C$1,027,565.00. Following the completion of the purchase, the director owned 454,602 shares in the company, valued at C$5,950,740.18. This represents a 20.87% increase in their position.

Rene Amirault also recently made the following trade(s):

• On Thursday, March 19th, Rene Amirault acquired 8 shares of Tamarack Valley Energy stock. The shares were purchased at an average price of C$8.29 per share, with a total value of C$66.32.

Tamarack Valley Energy Stock Down 4.6%

TSE:TVE opened at C$13.30 on Friday. The firm has a market cap of C$6.36 billion, a P/E ratio of -73.89 and a beta of 0.28. The company has a debt-to-equity ratio of 37.62, a quick ratio of 0.80 and a current ratio of 0.69. Tamarack Valley Energy Ltd has a fifty-two week low of C$4.43 and a fifty-two week high of C$14.03. The firm has a 50-day simple moving average of C$12.13 and a two-hundred day simple moving average of C$10.00.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$0.20 EPS for the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. The firm had revenue of C$375.55 million during the quarter. Analysts predict that Tamarack Valley Energy Ltd will post 0.1386527 earnings per share for the current fiscal year.

Tamarack Valley Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be issued a $0.04 dividend. The ex-dividend date is Monday, June 15th. This represents a $0.16 annualized dividend and a yield of 1.2%. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently -86.62%.

Wall Street Analysts Forecast Growth

TVE has been the topic of several research reports. National Bank Financial raised their target price on shares of Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Roth Mkm set a C$15.00 target price on shares of Tamarack Valley Energy and gave the stock a “buy” rating in a report on Tuesday, May 19th. Canadian Imperial Bank of Commerce raised their target price on shares of Tamarack Valley Energy from C$14.25 to C$15.25 and gave the stock an “outperformer” rating in a report on Friday, May 29th. Canaccord Genuity Group upgraded shares of Tamarack Valley Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from C$12.00 to C$15.00 in a report on Friday, May 29th. Finally, Acumen Capital raised their target price on shares of Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$12.73.

About Tamarack Valley Energy

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.