Tamarack Valley Energy (TSE:TVE) Director Shannon Joseph Acquires 27,521 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Director Shannon Joseph acquired 27,521 shares of the stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of C$12.56 per share, with a total value of C$345,663.76. Following the completion of the acquisition, the director owned 66,376 shares in the company, valued at approximately C$833,682.56. The trade was a 70.83% increase in their position.

Shannon Joseph also recently made the following trade(s):

• On Thursday, March 19th, Shannon Joseph acquired 36 shares of Tamarack Valley Energy stock. The stock was bought at an average price of C$6.03 per share, with a total value of C$217.08.

Tamarack Valley Energy Trading Down 0.6%

TVE stock traded down C$0.08 during midday trading on Tuesday, hitting C$12.65. The company had a trading volume of 1,116,010 shares, compared to its average volume of 2,181,856. The stock has a market cap of C$6.05 billion, a price-to-earnings ratio of -70.28 and a beta of 0.28. The stock’s 50 day moving average price is C$12.36 and its 200 day moving average price is C$10.27. The company has a current ratio of 0.69, a quick ratio of 0.80 and a debt-to-equity ratio of 37.62. Tamarack Valley Energy Ltd has a 52 week low of C$4.68 and a 52 week high of C$14.03.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 EPS for the quarter. The firm had revenue of C$375.55 million during the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. As a group, equities research analysts expect 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 declared 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 1.3%. Tamarack Valley Energy’s payout ratio is -86.62%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Canaccord Genuity Group raised Tamarack Valley Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$12.00 to C$15.00 in a research report on Friday, May 29th. ATB Cormark Capital Markets raised their price target on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a report on Thursday, February 26th. Desjardins upped their price objective on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, February 26th. Roth Mkm set a C$15.00 price target on Tamarack Valley Energy and gave the company a “buy” rating in a report on Tuesday, May 19th. Finally, National Bank Financial increased their price target on Tamarack Valley Energy from C$10.00 to C$11.50 and gave the company an “outperform” rating in a report on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$12.73.

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.