Tamarack Valley Energy Ltd (TSE:TVE) Receives C$4.95 Average Target Price from Analysts

Tamarack Valley Energy Ltd (TSE:TVE) has been given an average recommendation of “Moderate Buy” by the nine research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$4.98.

Several research firms have weighed in on TVE. ATB Capital lowered their price objective on shares of Tamarack Valley Energy from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a report on Thursday, February 29th. BMO Capital Markets set a C$4.00 price target on Tamarack Valley Energy and gave the company a “market perform” rating in a research note on Thursday, March 21st. Royal Bank of Canada increased their price objective on Tamarack Valley Energy from C$4.00 to C$4.25 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. Canaccord Genuity Group lifted their target price on Tamarack Valley Energy from C$4.25 to C$4.75 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus raised their price objective on Tamarack Valley Energy from C$5.25 to C$5.50 in a research note on Thursday, May 9th.

Insider Transactions at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Scott Shimek acquired 8,500 shares of the stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average price of C$4.08 per share, for a total transaction of C$34,680.00. In related news, Senior Officer Scott Shimek bought 8,500 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was purchased at an average cost of C$4.08 per share, with a total value of C$34,680.00. Also, Director Caralyn Patricia Bennett purchased 10,193 shares of the firm’s stock in a transaction dated Monday, May 27th. The shares were bought at an average cost of C$3.57 per share, with a total value of C$36,403.28. Over the last quarter, insiders have purchased 122,060 shares of company stock valued at $445,850. 1.21% of the stock is currently owned by corporate insiders.

Tamarack Valley Energy Price Performance

Shares of TVE opened at C$3.68 on Monday. The business has a 50-day simple moving average of C$3.68 and a two-hundred day simple moving average of C$3.47. The stock has a market cap of C$2.03 billion, a PE ratio of 33.45 and a beta of 2.59. Tamarack Valley Energy has a 12-month low of C$2.76 and a 12-month high of C$4.34. The company has a quick ratio of 0.80, a current ratio of 0.67 and a debt-to-equity ratio of 45.81.

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

Tamarack Valley Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.013 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Friday, June 28th. Tamarack Valley Energy’s dividend payout ratio (DPR) is 136.36%.

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.