Tamarack Valley Energy Ltd (TSE:TVE) Given Consensus Rating of “Buy” by Brokerages

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$5.03.

TVE has been the topic of a number of research reports. BMO Capital Markets raised shares of Tamarack Valley Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, October 4th. National Bankshares cut their target price on shares of Tamarack Valley Energy from C$7.25 to C$6.75 in a research note on Friday, September 27th. CIBC raised their target price on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a research note on Monday, July 15th. Finally, Desjardins set a C$5.00 target price on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research note on Tuesday, June 25th.

Tamarack Valley Energy Stock Performance

TSE:TVE opened at C$4.15 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72. The company has a market cap of C$2.26 billion, a P/E ratio of 18.04 and a beta of 2.49. Tamarack Valley Energy has a fifty-two week low of C$2.76 and a fifty-two week high of C$4.34. The firm’s 50 day moving average is C$3.93 and its two-hundred day moving average is C$3.83.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.17 earnings per share for the quarter. The company had revenue of C$382.98 million for the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%. Analysts expect that Tamarack Valley Energy will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Investors 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 yield of 3.76%. The ex-dividend date of this dividend is Friday, September 27th. Tamarack Valley Energy’s payout ratio is 65.22%.

Insider Activity at Tamarack Valley Energy

In related news, Senior Officer Christine Ezinga acquired 13,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of C$3.99 per share, with a total value of C$51,870.00. In the last three months, insiders bought 28,173 shares of company stock valued at $107,945. Corporate 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.