Tamarack Valley Energy Ltd (TSE:TVE) Receives C$10.11 Average Price Target from Analysts

Tamarack Valley Energy Ltd (TSE:TVE) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$10.11.

A number of brokerages have weighed in on TVE. Canaccord Genuity Group boosted their price target on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. National Bank Financial lifted their target price on Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Acumen Capital boosted their target price on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. Desjardins increased their price target on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, BMO Capital Markets raised their price target on Tamarack Valley Energy from C$9.00 to C$11.00 in a report on Friday, November 21st.

Tamarack Valley Energy Stock Performance

Shares of TVE opened at C$10.72 on Wednesday. The company has a market cap of C$5.19 billion, a PE ratio of -153.14 and a beta of 0.70. The firm has a 50-day moving average of C$9.29 and a 200-day moving average of C$7.58. Tamarack Valley Energy has a one year low of C$3.10 and a one year high of C$11.12. The company has a debt-to-equity ratio of 37.29, a current ratio of 0.90 and a quick ratio of 0.80.

Tamarack Valley Energy (TSE:TVE) last issued its earnings results on Wednesday, February 25th. The company reported C$0.10 earnings per share (EPS) for the quarter. Tamarack Valley Energy had a negative net margin of 2.41% and a negative return on equity of 1.84%. The company had revenue of C$304.60 million for the quarter. As a group, equities analysts forecast that Tamarack Valley Energy will post 0.1386527 earnings per share for the current year.

Tamarack Valley Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be given a $0.04 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.16 annualized dividend and a dividend yield of 1.5%. Tamarack Valley Energy’s dividend payout ratio is presently -220.24%.

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.