Analysts Set Tamarack Valley Energy Ltd (TSE:TVE) Price Target at C$4.88

Tamarack Valley Energy Ltd (TSE:TVE) has been given an average rating of “Moderate Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$4.88.

TVE has been the topic of several research analyst reports. ATB Capital reduced their price target on shares of Tamarack Valley Energy from C$6.00 to C$5.50 and set an “outperform” rating on the stock in a research report on Thursday, February 29th. CIBC cut their target price on shares of Tamarack Valley Energy from C$5.25 to C$4.50 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. Stifel Nicolaus raised their target price on shares of Tamarack Valley Energy from C$4.75 to C$5.00 and gave the stock a “buy” rating in a report on Thursday, February 29th. Raymond James cut their target price on shares of Tamarack Valley Energy from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a report on Friday, January 19th. Finally, Desjardins raised their target price on shares of Tamarack Valley Energy from C$4.50 to C$4.75 and gave the stock a “buy” rating in a report on Friday, March 22nd.

Insider Buying and Selling at Tamarack Valley Energy

In related news, Senior Officer Brian Leslie Schmidt acquired 8,673 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were acquired at an average price of C$3.55 per share, for a total transaction of C$30,789.15. In related news, Senior Officer Christine Ezinga acquired 21,150 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were acquired at an average price of C$3.74 per share, for a total transaction of C$79,012.17. Also, Senior Officer Brian Leslie Schmidt acquired 8,673 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of C$3.55 per share, for a total transaction of C$30,789.15. Over the last 90 days, insiders have bought 47,718 shares of company stock worth $178,867. 1.15% of the stock is owned by company insiders.

Tamarack Valley Energy Stock Performance

TSE:TVE opened at C$3.85 on Wednesday. The company has a debt-to-equity ratio of 43.39, a current ratio of 0.52 and a quick ratio of 0.80. The firm has a 50-day moving average of C$3.59 and a two-hundred day moving average of C$3.50. The stock has a market cap of C$2.09 billion, a P/E ratio of 22.65 and a beta of 2.59. Tamarack Valley Energy has a 1-year low of C$2.76 and a 1-year high of C$4.34.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings results on Wednesday, February 28th. The company reported C$0.10 EPS for the quarter, topping the consensus estimate of C$0.06 by C$0.04. Tamarack Valley Energy had a net margin of 6.70% and a return on equity of 4.34%. The business had revenue of C$418.86 million for the quarter. On average, research analysts expect that Tamarack Valley Energy will post 0.2799189 earnings per share for the current fiscal year.

Tamarack Valley Energy Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be paid a $0.0125 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.15 annualized dividend and a dividend yield of 3.90%. Tamarack Valley Energy’s payout ratio is currently 88.24%.

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.