Tamarack Valley Energy Ltd (TSE:TVE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$5.48.

A number of equities analysts recently issued reports on TVE shares. Acumen Capital raised their target price on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Canaccord Genuity Group raised their price target on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Raymond James upgraded shares of Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. CIBC increased their price objective 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. Finally, National Bankshares decreased their target price 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 Transactions at Tamarack Valley Energy

In related news, Director Marnie Smith sold 9,668 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$4.42, for a total value of C$42,732.56. Corporate insiders own 1.32% of the company’s stock.

Tamarack Valley Energy Stock Performance

TSE TVE opened at C$4.89 on Friday. Tamarack Valley Energy has a 12-month low of C$2.90 and a 12-month high of C$4.98. The company has a fifty day simple moving average of C$4.49 and a two-hundred day simple moving average of C$4.11. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72. The stock has a market cap of C$2.66 billion, a P/E ratio of 21.26 and a beta of 2.49.

Tamarack Valley Energy Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be given a $0.0127 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.12%. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently 65.22%.

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.