Tamarack Valley Energy (TSE:TVE) PT Set at C$5.00 by Desjardins

Desjardins set a C$5.00 target price on Tamarack Valley Energy (TSE:TVE) in a research note released on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

TVE has been the subject of several other research reports. ATB Capital dropped their price target on shares of Tamarack Valley Energy from C$6.00 to C$5.50 and set an outperform rating for the company in a research note on Thursday, February 29th. Canaccord Genuity Group increased their price target on shares of Tamarack Valley Energy from C$4.25 to C$4.75 and gave the company a buy rating in a research note on Wednesday, April 17th. Stifel Nicolaus increased their price target on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a research note on Thursday, May 9th. Royal Bank of Canada increased their price target on shares of Tamarack Valley Energy from C$4.00 to C$4.25 and gave the company an outperform rating in a research note on Thursday, February 29th. Finally, CIBC increased their price target on shares of Tamarack Valley Energy from C$4.50 to C$5.25 and gave the company an outperform rating in a research note on Monday, April 22nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$4.98.

Tamarack Valley Energy Stock Up 0.3 %

TVE stock opened at C$3.73 on Tuesday. The company has a market cap of C$2.06 billion, a price-to-earnings ratio of 33.91 and a beta of 2.59. The company has a current ratio of 0.67, a quick ratio of 0.80 and a debt-to-equity ratio of 45.81. Tamarack Valley Energy has a 12 month low of C$2.76 and a 12 month high of C$4.34. The firm has a 50-day moving average of C$3.68 and a two-hundred day moving average of C$3.48.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings data on Wednesday, May 8th. The company reported C($0.06) EPS for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.10). The business had revenue of C$393.34 million during the quarter. Tamarack Valley Energy had a net margin of 4.16% and a return on equity of 2.78%. As a group, analysts forecast that Tamarack Valley Energy will post 0.1714964 earnings per share for the current fiscal year.

Tamarack Valley Energy Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.013 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.16 annualized dividend and a yield of 4.18%. Tamarack Valley Energy’s dividend payout ratio is presently 136.36%.

Insider Buying and Selling at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Scott Shimek purchased 8,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was bought at an average price of C$4.08 per share, with a total value of C$34,680.00. In other news, Director Caralyn Patricia Bennett acquired 10,193 shares of Tamarack Valley Energy stock in a transaction dated Monday, May 27th. The shares were acquired at an average cost of C$3.57 per share, for a total transaction of C$36,403.28. Also, Senior Officer Scott Shimek acquired 8,500 shares of Tamarack Valley Energy stock in a transaction dated Wednesday, April 3rd. The stock was purchased at an average price of C$4.08 per share, for a total transaction of C$34,680.00. Insiders acquired 122,060 shares of company stock valued at $445,850 in the last 90 days. Company insiders own 1.21% of the company’s stock.

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.