Tamarack Valley Energy Ltd (TSE:TVE) Receives C$10.90 Consensus Target Price from Analysts

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned an average rating of “Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$12.73.

A number of research firms have issued reports on TVE. ATB Cormark Capital Markets upped their target price on shares of Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Roth Mkm 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. National Bank Financial upped their target price on shares of Tamarack Valley Energy from C$10.00 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Royal Bank Of Canada upped their target price on shares of Tamarack Valley Energy from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Finally, Desjardins upped their target price on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, February 26th.

Tamarack Valley Energy Price Performance

Shares of TSE TVE opened at C$12.76 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.69 and a debt-to-equity ratio of 37.62. Tamarack Valley Energy has a 12-month low of C$4.35 and a 12-month high of C$13.97. The company has a market cap of C$6.10 billion, a price-to-earnings ratio of -70.89 and a beta of 0.46. The firm’s 50-day simple moving average is C$11.90 and its 200 day simple moving average is C$9.80.

Tamarack Valley Energy (TSE:TVE) last released its earnings results on Wednesday, May 6th. The company reported C$0.20 earnings per share (EPS) for the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. The company had revenue of C$375.55 million for the quarter. On average, research analysts expect that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Tamarack Valley Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.04 per share. The ex-dividend date was Friday, March 13th. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. Tamarack Valley Energy’s dividend payout ratio is presently -86.62%.

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.