Tamarack Valley Energy (TSE:TVE) Director Robert Spitzer Sells 10,000 Shares

Tamarack Valley Energy Ltd (TSE:TVE) Director Robert Spitzer sold 10,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of C$13.02, for a total transaction of C$130,200.00. Following the completion of the sale, the director directly owned 424,442 shares of the company’s stock, valued at C$5,526,234.84. The trade was a 2.30% decrease in their ownership of the stock.

Robert Spitzer also recently made the following trade(s):

• On Thursday, March 19th, Robert Spitzer acquired 4,501 shares of Tamarack Valley Energy stock. The shares were bought at an average price of C$5.44 per share, for a total transaction of C$24,485.44.

Tamarack Valley Energy Price Performance

TSE TVE opened at C$12.73 on Tuesday. The stock’s 50-day moving average price is C$12.36 and its two-hundred 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. The company has a market cap of C$6.09 billion, a PE ratio of -70.72 and a beta of 0.28. Tamarack Valley Energy Ltd has a 1 year low of C$4.68 and a 1 year high of C$14.03.

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

Tamarack Valley Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, June 15th. Tamarack Valley Energy’s payout ratio is presently -86.62%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Raymond James Financial upgraded Tamarack Valley Energy from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$12.00 to C$15.00 in a report on Friday, May 29th. Desjardins boosted their price objective on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. ATB Cormark Capital Markets boosted their price objective on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Royal Bank Of Canada boosted their price objective on Tamarack Valley Energy from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Finally, Roth Mkm set a C$15.00 price objective on Tamarack Valley Energy and gave the stock a “buy” rating in a report on Tuesday, May 19th. Nine investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target 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.