Tamarack Valley Energy Ltd (TSE:TVE) Receives C$5.70 Average Target Price from Analysts

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been given an average recommendation of “Moderate Buy” by the ten ratings firms that are currently covering the company, MarketBeat.com 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 1-year target price among analysts that have issued ratings on the stock in the last year is C$5.70.

Several research firms have recently weighed in on TVE. Royal Bank of Canada lifted 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. Raymond James upgraded shares of Tamarack Valley Energy to a “hold” rating in a report on Thursday, October 17th. National Bankshares reduced 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 report on Thursday, December 19th. Acumen Capital boosted their price target 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. Finally, CIBC increased their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th.

Tamarack Valley Energy Trading Down 2.0 %

TVE stock opened at C$4.38 on Tuesday. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a fifty day moving average price of C$4.59 and a 200 day moving average price of C$4.23. The firm has a market cap of C$2.38 billion, a PE ratio of 19.04 and a beta of 2.49. Tamarack Valley Energy has a fifty-two week low of C$2.95 and a fifty-two week high of C$5.05.

Tamarack Valley Energy Dividend Announcement

The firm 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. The ex-dividend date is Friday, January 31st. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.48%. Tamarack Valley Energy’s dividend payout ratio (DPR) is 65.22%.

Insider Activity

In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$4.42, for a total value of C$42,732.56. Insiders own 1.32% of the company’s stock.

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.