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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$5.48.

TVE has been the subject of a number of analyst reports. National Bankshares cut their price target 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. Acumen Capital lifted their target price on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “buy” rating in a research note on Friday, November 1st. CIBC upped their price target on Tamarack Valley Energy from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group lifted their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Finally, Royal Bank of Canada upped their target price on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st.

Tamarack Valley Energy Price Performance

Shares of Tamarack Valley Energy stock opened at C$4.89 on Friday. The stock has a market cap of C$2.66 billion, a P/E ratio of 21.26 and a beta of 2.49. 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 stock’s fifty day moving average is C$4.49 and its 200 day moving average is C$4.11. Tamarack Valley Energy has a one year low of C$2.90 and a one year high of C$4.98.

Tamarack Valley Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be issued a $0.0127 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.15 annualized dividend and a dividend yield of 3.12%. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 65.22%.

Insiders Place Their Bets

In other news, Director Marnie Smith sold 9,668 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$4.42, for a total transaction of C$42,732.56. 1.32% of the stock is 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.