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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$5.03.

Several brokerages have recently issued reports on TVE. CIBC upped their price objective on Tamarack Valley Energy from C$5.25 to C$5.50 in a research report on Monday, July 15th. National Bankshares reduced their target price on shares of Tamarack Valley Energy from C$7.25 to C$6.75 in a report on Friday, September 27th. Finally, Desjardins set a C$5.00 price target on shares of Tamarack Valley Energy and gave the stock a “buy” rating in a research note on Tuesday, June 25th.

Insider Buying and Selling

In related news, Senior Officer Christine Ezinga acquired 13,000 shares of the stock in a transaction dated 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. Over the last three months, insiders have purchased 28,173 shares of company stock valued at $107,945. Insiders own 1.32% of the company’s stock.

Tamarack Valley Energy Stock Up 1.5 %

Shares of TSE TVE opened at C$3.97 on Wednesday. The firm’s 50-day moving average is C$3.91 and its two-hundred day moving average is C$3.82. The company has a market capitalization of C$2.16 billion, a PE ratio of 17.26 and a beta of 2.50. Tamarack Valley Energy has a 12-month low of C$2.76 and a 12-month high of C$4.34. 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 posted its earnings results on Thursday, August 1st. The company reported C$0.17 earnings per share (EPS) for the quarter. The firm had revenue of C$382.98 million for the quarter. Tamarack Valley Energy had a return on equity of 5.94% and a net margin of 8.66%.

Tamarack Valley Energy Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.16 annualized dividend and a dividend yield of 3.93%. Tamarack Valley Energy’s payout ratio is currently 65.22%.

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.