National Bankshares Cuts Tamarack Valley Energy (TSE:TVE) Price Target to C$6.75

Tamarack Valley Energy (TSE:TVE) had its target price lowered by National Bankshares from C$7.25 to C$6.75 in a research report sent to investors on Friday morning, BayStreet.CA reports.

Several other research analysts have also recently commented on TVE. Desjardins set a C$5.00 target price on shares of Tamarack Valley Energy and gave the stock a buy rating in a report on Tuesday, June 25th. CIBC raised their price objective on Tamarack Valley Energy from C$5.25 to C$5.50 in a research note on Monday, July 15th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Tamarack Valley Energy has a consensus rating of Moderate Buy and a consensus target price of C$5.03.

Tamarack Valley Energy Price Performance

Shares of TSE TVE opened at C$3.86 on Friday. The company has a market capitalization of C$2.10 billion, a price-to-earnings ratio of 16.78 and a beta of 2.50. Tamarack Valley Energy has a 1-year low of C$2.76 and a 1-year high of C$4.34. The business has a 50-day moving average of C$3.91 and a 200-day moving average of C$3.81. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80.

Tamarack Valley Energy (TSE:TVE) last issued its earnings results on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. Tamarack Valley Energy had a return on equity of 5.94% and a net margin of 8.66%. The company had revenue of C$382.98 million during the quarter.

Tamarack Valley Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.013 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Friday, September 27th. Tamarack Valley Energy’s dividend payout ratio is currently 65.22%.

Insiders Place Their Bets

In related news, Senior Officer Christine Ezinga acquired 13,000 shares of Tamarack Valley Energy stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of C$3.99 per share, with a total value of C$51,870.00. In related news, Senior Officer Christine Ezinga purchased 13,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of C$3.99 per share, with a total value of C$51,870.00. Also, Senior Officer Brian Leslie Schmidt acquired 30,000 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was purchased at an average price of C$3.86 per share, with a total value of C$115,800.00. Over the last quarter, insiders have purchased 58,173 shares of company stock valued at $223,745. 1.32% of the stock is currently 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.