Analysts Set Tamarack Valley Energy Ltd (TSE:TVE) Target Price at C$5.70

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. One 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 brokers that have issued ratings on the stock in the last year is C$5.70.

TVE has been the topic of a number of recent research reports. CIBC increased their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. 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 on the stock in a research report on Thursday, December 19th. Canaccord Genuity Group boosted their price target on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. Raymond James upgraded Tamarack Valley Energy to a “hold” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada increased their target price on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Friday, November 1st.

Insider Transactions at Tamarack Valley Energy

In other news, Director Marnie Smith sold 9,668 shares of the firm’s stock in a transaction dated 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 Trading Up 2.3 %

Shares of Tamarack Valley Energy stock opened at C$4.54 on Tuesday. The company has a market cap of C$2.47 billion, a price-to-earnings ratio of 19.74 and a beta of 2.49. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. Tamarack Valley Energy has a 12 month low of C$3.02 and a 12 month high of C$5.05. The firm’s 50-day moving average price is C$4.59.

Tamarack Valley Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be given a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Friday, January 31st. Tamarack Valley Energy’s payout ratio is 65.22%.

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.