Tamarack Valley Energy Ltd (TSE:TVE) Receives C$10.11 Consensus PT from Analysts

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been given a consensus rating of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$10.11.

Several research firms have recently issued reports on TVE. Acumen Capital boosted their price objective 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. ATB Cormark Capital Markets boosted their price objective on shares of 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. National Bank Financial boosted their price objective 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. Canaccord Genuity Group boosted their price objective on shares of Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. Finally, Raymond James Financial downgraded shares of Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th.

Tamarack Valley Energy Stock Performance

Shares of TVE opened at C$11.55 on Friday. The company’s fifty day moving average price is C$10.29 and its 200 day moving average price is C$8.28. Tamarack Valley Energy has a one year low of C$3.10 and a one year high of C$12.00. The company has a debt-to-equity ratio of 37.29, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market capitalization of C$5.59 billion, a PE ratio of -165.00 and a beta of 0.34.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 earnings per share (EPS) for the quarter. Tamarack Valley Energy had a negative net margin of 2.41% and a negative return on equity of 1.84%. The company had revenue of C$304.60 million for the quarter. As a group, analysts expect that Tamarack Valley Energy will post 0.1386527 earnings per share for the current year.

Tamarack Valley Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.04 per share. The ex-dividend date was Friday, March 13th. This represents a $0.16 annualized dividend and a dividend yield of 1.4%. Tamarack Valley Energy’s payout ratio is presently -220.24%.

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.