Tamarack Valley Energy Ltd (TSE:TVE) Given Average Rating of “Moderate Buy” by Analysts

Tamarack Valley Energy Ltd (TSE:TVE) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$5.50.

TVE has been the subject of a number of recent analyst reports. National Bankshares increased their price target on Tamarack Valley Energy from C$6.75 to C$7.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Raymond James upgraded Tamarack Valley Energy to a “hold” rating in a report on Thursday, October 17th. BMO Capital Markets upped their target price on Tamarack Valley Energy from C$5.50 to C$6.00 in a report on Friday. Royal Bank of Canada boosted their price target on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Canaccord Genuity Group increased their price objective on Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th.

Tamarack Valley Energy Trading Down 0.7 %

Tamarack Valley Energy stock opened at C$4.39 on Monday. The firm has a market cap of C$2.39 billion, a price-to-earnings ratio of 19.09 and a beta of 2.49. Tamarack Valley Energy has a 1 year low of C$2.90 and a 1 year high of C$4.70. The firm’s 50 day moving average price is C$4.28 and its two-hundred day moving average price is C$3.99. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.80 and a current ratio of 0.90.

Tamarack Valley Energy Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0127 per share. This represents a $0.15 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Friday, November 29th. This is an increase from Tamarack Valley Energy’s previous monthly dividend of $0.01. Tamarack Valley Energy’s dividend payout ratio (DPR) is 65.22%.

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.