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

Tamarack Valley Energy Ltd (TSE:TVE) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$5.50.

TVE has been the topic of several research reports. National Bankshares upped their target price on Tamarack Valley Energy from C$6.75 to C$7.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. Acumen Capital lifted their target price on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. CIBC increased their price target on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Canaccord Genuity Group lifted their price objective on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th.

Tamarack Valley Energy Trading Down 0.7 %

Shares of Tamarack Valley Energy stock opened at C$4.39 on Monday. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.80 and a current ratio of 0.90. The company’s fifty day moving average is C$4.28 and its two-hundred day moving average is C$3.99. Tamarack Valley Energy has a 1 year low of C$2.90 and a 1 year high of C$4.70. The company has a market capitalization of C$2.39 billion, a P/E ratio of 19.09 and a beta of 2.49.

Tamarack Valley Energy Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.47%. This is a positive change from Tamarack Valley Energy’s previous monthly dividend of $0.01. The ex-dividend date is Friday, November 29th. Tamarack Valley Energy’s dividend payout ratio (DPR) is 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.