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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$8.92.

Several research analysts have weighed in on the stock. Canaccord Genuity Group raised their price objective on shares of Tamarack Valley Energy from C$6.75 to C$8.00 in a report on Thursday, December 4th. ATB Capital lifted their price target on Tamarack Valley Energy from C$7.25 to C$9.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Royal Bank Of Canada upped their price objective on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. National Bankshares increased their target price on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Finally, Desjardins boosted their price target on Tamarack Valley Energy from C$8.50 to C$8.75 and gave the company a “buy” rating in a report on Thursday, December 4th.

Insider Buying and Selling at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Shannon Joseph purchased 16,129 shares of Tamarack Valley Energy stock in a transaction dated Thursday, November 6th. The shares were bought at an average cost of C$6.32 per share, for a total transaction of C$101,935.28. Following the transaction, the director owned 38,328 shares in the company, valued at C$242,232.96. This represents a 72.66% increase in their position. Company insiders own 1.32% of the company’s stock.

Tamarack Valley Energy Price Performance

TVE stock opened at C$8.12 on Friday. The stock’s 50 day moving average is C$7.27 and its two-hundred day moving average is C$6.09. Tamarack Valley Energy has a 52-week low of C$3.10 and a 52-week high of C$8.32. The company has a market capitalization of C$3.99 billion, a PE ratio of -47.76 and a beta of 0.95. The company has a quick ratio of 0.80, a current ratio of 0.73 and a debt-to-equity ratio of 34.61.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings results on Friday, October 31st. The company reported C($0.50) earnings per share for the quarter. The company had revenue of C$406.32 million for the quarter. Tamarack Valley Energy had a return on equity of 9.89% and a net margin of 13.48%. Analysts predict that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Tamarack Valley Energy Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, November 14th were paid a dividend of $0.0127 per share. The ex-dividend date was Friday, October 31st. This represents a c) annualized dividend and a yield of 1.9%. Tamarack Valley Energy’s payout ratio is presently -89.85%.

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.