Tamarack Valley Energy Ltd (TSE:TVE) Receives C$8.92 Average PT from Analysts

Tamarack Valley Energy Ltd (TSE:TVE) has been given a consensus rating of “Moderate Buy” by the eight research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$8.92.

A number of research analysts recently weighed in on the stock. Desjardins raised their target price on shares of Tamarack Valley Energy from C$8.50 to C$8.75 and gave the company a “buy” rating in a research report on Thursday, December 4th. BMO Capital Markets raised their price objective on Tamarack Valley Energy from C$9.00 to C$11.00 in a report on Friday, November 21st. Royal Bank Of Canada lifted their target price on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Raymond James Financial cut Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Canaccord Genuity Group boosted their price target on Tamarack Valley Energy from C$6.75 to C$8.00 in a research report on Thursday, December 4th.

Tamarack Valley Energy Trading Up 1.4%

TSE TVE opened at C$8.88 on Tuesday. Tamarack Valley Energy has a 52 week low of C$3.10 and a 52 week high of C$8.89. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The stock’s 50 day moving average price is C$7.83 and its two-hundred day moving average price is C$6.45. The stock has a market capitalization of C$4.32 billion, a price-to-earnings ratio of -52.24 and a beta of 0.81.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings results on Friday, October 31st. The company reported C($0.50) earnings per share for the quarter. Tamarack Valley Energy had a return on equity of 9.89% and a net margin of 13.48%.The business had revenue of C$406.32 million for the quarter. As a group, analysts anticipate that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Tamarack Valley Energy Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 14th were issued a dividend of $0.0127 per share. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, October 31st. Tamarack Valley Energy’s payout ratio is presently -89.85%.

Insider Transactions at Tamarack Valley Energy

In other news, Director Shannon Joseph purchased 16,129 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was purchased at an average price of C$6.32 per share, for a total transaction of C$101,935.28. Following the completion of the purchase, the director directly owned 38,328 shares in the company, valued at C$242,232.96. The trade was a 72.66% increase in their position. Company insiders own 1.32% 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.