Shares of Tamarack Valley Energy Ltd (TSE:TVE – Get Free Report) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$5.48.
Several equities research analysts recently weighed in on TVE shares. Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a report on Thursday, October 17th. CIBC upped their price target on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group raised their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. Royal Bank of Canada upped their target price on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, National Bankshares lowered their price target on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research report on Thursday, December 19th.
View Our Latest Analysis on TVE
Insider Activity
Tamarack Valley Energy Trading Up 0.8 %
Shares of TVE stock opened at C$4.87 on Friday. Tamarack Valley Energy has a 1 year low of C$2.90 and a 1 year high of C$5.05. The firm has a market capitalization of C$2.65 billion, a PE ratio of 21.17 and a beta of 2.49. The stock has a fifty day moving average of C$4.54 and a two-hundred day moving average of C$4.14. 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 Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be given a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Friday, January 31st. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 65.22%.
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.
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