Tamarack Valley Energy (TSE:TVE) PT Raised to C$4.75 at Desjardins

Tamarack Valley Energy (TSE:TVE) had its price target increased by Desjardins from C$4.50 to C$4.75 in a research report released on Friday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. CIBC dropped their price objective on Tamarack Valley Energy from C$5.25 to C$4.50 and set an outperform rating on the stock in a research note on Tuesday, January 16th. Canaccord Genuity Group decreased their target price on Tamarack Valley Energy from C$5.75 to C$5.00 and set a buy rating on the stock in a report on Thursday, December 7th. National Bankshares boosted their target price on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an outperform rating in a report on Wednesday, January 10th. ATB Capital decreased their target price on Tamarack Valley Energy from C$6.00 to C$5.50 and set an outperform rating on the stock in a report on Thursday, February 29th. Finally, Royal Bank of Canada boosted their target price on Tamarack Valley Energy from C$4.00 to C$4.25 and gave the stock an outperform rating in a report on Thursday, February 29th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Tamarack Valley Energy currently has an average rating of Moderate Buy and an average target price of C$4.93.

Tamarack Valley Energy Trading Up 1.1 %

Shares of Tamarack Valley Energy stock opened at C$3.77 on Friday. Tamarack Valley Energy has a 12-month low of C$2.76 and a 12-month high of C$4.34. The stock has a market cap of C$2.05 billion, a P/E ratio of 22.18 and a beta of 2.59. The company has a quick ratio of 0.80, a current ratio of 0.52 and a debt-to-equity ratio of 43.39. The business’s 50 day moving average is C$3.30 and its 200-day moving average is C$3.50.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.06 by C$0.04. Tamarack Valley Energy had a return on equity of 4.34% and a net margin of 6.70%. The company had revenue of C$418.86 million for the quarter. Equities research analysts predict that Tamarack Valley Energy will post 0.1801932 earnings per share for the current fiscal year.

Tamarack Valley Energy Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.013 per share. This represents a $0.16 annualized dividend and a yield of 4.14%. The ex-dividend date is Wednesday, March 27th. Tamarack Valley Energy’s payout ratio is 88.24%.

Insiders Place Their Bets

In related news, Senior Officer Brian Leslie Schmidt purchased 9,395 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of C$3.66 per share, for a total transaction of C$34,385.70. In related news, Senior Officer Brian Leslie Schmidt purchased 9,395 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were bought at an average price of C$3.66 per share, for a total transaction of C$34,385.70. Also, Director Caralyn Patricia Bennett purchased 50,000 shares of the firm’s stock in a transaction that occurred on Monday, January 15th. The stock was bought at an average price of C$3.07 per share, for a total transaction of C$153,500.00. Insiders have bought 89,218 shares of company stock worth $297,687 in the last 90 days. Company insiders own 1.13% of the company’s stock.

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.