Tamarack Valley Energy Ltd (TSE:TVE) Receives C$5.81 Consensus Target Price from Analysts

Tamarack Valley Energy Ltd (TSE:TVE) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$5.81.

A number of equities analysts have recently issued reports on TVE shares. BMO Capital Markets upped their price objective on Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Thursday, February 13th. National Bankshares cut their target price on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research note on Thursday, December 19th. CIBC lifted their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research note on Friday, January 17th. Desjardins cut shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and cut their price objective for the company from C$6.00 to C$5.25 in a research note on Wednesday, March 19th. Finally, Canaccord Genuity Group increased their target price on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th.

Tamarack Valley Energy Stock Down 1.4 %

Shares of TSE:TVE opened at C$4.34 on Wednesday. The firm has a market capitalization of C$2.29 billion, a PE ratio of 11.11 and a beta of 2.49. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. Tamarack Valley Energy has a 52-week low of C$3.44 and a 52-week high of C$5.05. The firm has a fifty day moving average of C$4.37 and a 200 day moving average of C$4.33.

Tamarack Valley Energy Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, March 14th were paid a dividend of $0.0127 per share. This represents a $0.15 annualized dividend and a dividend yield of 3.51%. The ex-dividend date was Friday, February 28th. Tamarack Valley Energy’s dividend payout ratio (DPR) is 38.41%.

Insider Buying and Selling

In related news, Senior Officer Brian Leslie Schmidt acquired 84,734 shares of Tamarack Valley Energy stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of C$4.55 per share, with a total value of C$385,539.70. 1.32% of the stock is owned by insiders.

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.