Tamarack Valley Energy Ltd (TSE:TVE – Get Free Report) 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.
Get Our Latest Research Report on TVE
Tamarack Valley Energy Trading Up 4.5 %
Tamarack Valley Energy (TSE:TVE – Get Free Report) 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.
Read More
- Five stocks we like better than Tamarack Valley Energy
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- 3 Key Stocks to Ride China’s Stimulus-Driven Growth
- Bank Stocks – Best Bank Stocks to Invest In
- 3 Dividend Growth Stocks Set to Supercharge Your Portfolio
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- 3 Small-Cap Stocks on the Way to Bigger and Better Days
Receive News & Ratings for Tamarack Valley Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tamarack Valley Energy and related companies with MarketBeat.com's FREE daily email newsletter.