Tamarack Valley Energy Ltd (TSE:TVE) Given Consensus Rating of “Buy” by Analysts

Tamarack Valley Energy Ltd (TSE:TVE) has earned an average rating of “Buy” from the nine research firms that are covering the firm, Marketbeat reports. Nine analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$5.03.

Several analysts have recently weighed in on TVE shares. CIBC lifted their target price on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Monday, July 15th. Desjardins set a C$5.00 price objective on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research report on Tuesday, June 25th. BMO Capital Markets raised shares of Tamarack Valley Energy from a “market perform” rating to an “outperform” rating in a research note on Friday. Finally, National Bankshares cut their price target on shares of Tamarack Valley Energy from C$7.25 to C$6.75 in a research note on Friday, September 27th.

Tamarack Valley Energy Trading Up 4.5 %

TSE TVE opened at C$4.19 on Wednesday. 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 market cap of C$2.28 billion, a PE ratio of 18.22 and a beta of 2.50. Tamarack Valley Energy has a one year low of C$2.76 and a one year high of C$4.34. The firm’s fifty day moving average is C$3.93 and its two-hundred day moving average is C$3.83.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. The company had revenue of C$382.98 million for the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%.

Tamarack Valley Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.013 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.16 annualized dividend and a yield of 3.72%. Tamarack Valley Energy’s dividend payout ratio is presently 65.22%.

Insider Activity at Tamarack Valley Energy

In related news, Senior Officer Christine Ezinga purchased 8,000 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of C$3.67 per share, for a total transaction of C$29,367.20. Insiders have bought a total of 28,173 shares of company stock worth $107,945 in the last ninety days. 1.32% of the stock is owned by insiders.

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.