Jefferies Financial Group Reiterates “C$17.00” Price Target for Tamarack Valley Energy (TSE:TVE)

Jefferies Financial Group set a C$17.00 target price on Tamarack Valley Energy (TSE:TVE) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

TVE has been the topic of several other research reports. Canaccord Genuity Group raised shares of Tamarack Valley Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$12.00 to C$15.00 in a research report on Friday, May 29th. Roth Capital set a C$15.00 target price on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research report on Tuesday, May 19th. Desjardins set a C$16.00 price target on shares of Tamarack Valley Energy and gave the stock a “buy” rating in a research note on Friday, July 17th. Raymond James Financial lifted their price target on shares of Tamarack Valley Energy from C$15.00 to C$16.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Canadian Imperial Bank of Commerce upped their price objective on Tamarack Valley Energy from C$14.25 to C$15.25 and gave the company an “outperformer” rating in a research note on Friday, May 29th. Ten analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of C$13.70.

Tamarack Valley Energy Trading Up 1.4%

TSE TVE opened at C$13.76 on Tuesday. The stock has a market capitalization of C$6.54 billion, a price-to-earnings ratio of 196.57 and a beta of 0.32. Tamarack Valley Energy has a one year low of C$5.18 and a one year high of C$14.03. The company has a debt-to-equity ratio of 18.26, a current ratio of 2.30 and a quick ratio of 0.80. The business’s fifty day moving average is C$12.92 and its 200-day moving average is C$11.90.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$0.43 earnings per share for the quarter. The company had revenue of C$493.95 million for the quarter. Tamarack Valley Energy had a net margin of 1.50% and a return on equity of 1.34%. Equities research analysts predict that Tamarack Valley Energy will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, June 15th. Tamarack Valley Energy’s payout ratio is currently 225.24%.

Insider Buying and Selling at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Shannon Joseph bought 27,521 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of C$12.56 per share, for a total transaction of C$345,663.76. Following the completion of the transaction, the director directly owned 66,376 shares of the company’s stock, valued at C$833,682.56. This trade represents a 70.83% increase in their ownership of the stock. Also, Director Robert Spitzer sold 10,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$13.02, for a total transaction of C$130,200.00. Following the transaction, the director owned 424,442 shares of the company’s stock, valued at C$5,526,234.84. This represents a 2.30% decrease in their position. Insiders own 1.32% of the company’s stock.

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.