Tamarack Valley Energy Ltd (TSE:TVE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been given a consensus rating of “Moderate Buy” by the ten ratings firms that are covering the company, MarketBeat Ratings 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 target price among brokerages that have issued a report on the stock in the last year is C$5.48.

TVE has been the topic of a number of analyst reports. National Bankshares cut their price target on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research note on Thursday. CIBC increased their target price on Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group boosted their target price on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Raymond James upgraded shares of Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. Finally, Acumen Capital boosted their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Tamarack Valley Energy Trading Up 3.5 %

Shares of TSE TVE opened at C$4.38 on Monday. Tamarack Valley Energy has a fifty-two week low of C$2.90 and a fifty-two week high of C$4.70. The firm has a market capitalization of C$2.38 billion, a P/E ratio of 19.04 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. The company’s 50 day simple moving average is C$4.29 and its 200 day simple moving average is C$4.00.

Tamarack Valley Energy Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were issued a $0.0127 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Friday, November 29th. This is a boost from Tamarack Valley Energy’s previous monthly dividend of $0.01. Tamarack Valley Energy’s dividend payout ratio is 65.22%.

Insider Transactions at Tamarack Valley Energy

In other news, Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$4.42, for a total transaction of C$42,732.56. 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.