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

Tamarack Valley Energy Ltd (TSE:TVE) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$5.81.

A number of analysts have recently commented on TVE shares. Canaccord Genuity Group increased their target price on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. CIBC boosted their target price on Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. National Bankshares dropped their target price on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research report on Thursday, December 19th. BMO Capital Markets lifted their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. Finally, Desjardins lowered shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$6.00 to C$5.25 in a research report on Wednesday, March 19th.

Tamarack Valley Energy Stock Performance

Shares of TVE stock opened at C$4.46 on Wednesday. The firm has a market capitalization of C$2.36 billion, a price-to-earnings ratio of 11.42 and a beta of 2.49. The company has a 50 day moving average price of C$4.39 and a 200 day moving average price of C$4.32. Tamarack Valley Energy has a one year low of C$3.44 and a one year high of C$5.05. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73.

Tamarack Valley Energy Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were paid a dividend of $0.0127 per share. This represents a $0.15 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, February 28th. Tamarack Valley Energy’s dividend payout ratio (DPR) is 38.41%.

Insiders Place Their Bets

In other Tamarack Valley Energy news, Senior Officer Brian Leslie Schmidt bought 84,734 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of C$4.55 per share, for a total transaction of C$385,539.70. 1.32% of the stock is currently owned by company 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.