Tamarack Valley Energy Ltd (TSE:TVE) Receives C$5.78 Average PT from Analysts

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$5.78.

Several brokerages recently weighed in on TVE. BMO Capital Markets upped their target price on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research note on Thursday, February 13th. Canaccord Genuity Group upped their target price on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. CIBC increased their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research note on Friday, January 17th. Finally, National Bankshares cut their price objective on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research report on Thursday, December 19th.

Insider Buying and Selling

In related news, Senior Officer Brian Leslie Schmidt bought 84,734 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of C$4.55 per share, with a total value of C$385,539.70. Also, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$4.42, for a total value of C$42,732.56. 1.32% of the stock is currently owned by corporate insiders.

Tamarack Valley Energy Price Performance

TSE TVE opened at C$3.93 on Friday. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The firm’s 50 day moving average price is C$4.57 and its 200-day moving average price is C$4.30. Tamarack Valley Energy has a 52-week low of C$3.43 and a 52-week high of C$5.05. The company has a market cap of C$2.08 billion, a PE ratio of 10.06 and a beta of 2.49.

Tamarack Valley Energy Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a $0.0127 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.15 dividend on an annualized basis and a yield of 3.88%. Tamarack Valley Energy’s payout ratio is 38.41%.

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.