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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have received an average rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$5.48.

Several research firms have recently weighed in on TVE. Acumen Capital boosted 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. BMO Capital Markets boosted their target price on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday, December 13th. CIBC boosted their target price on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted 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. Finally, Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th.

Insider Transactions at Tamarack Valley Energy

In related news, Director Marnie Smith sold 9,668 shares of the business’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 value of C$42,732.56. Company insiders own 1.32% of the company’s stock.

Tamarack Valley Energy Stock Performance

Tamarack Valley Energy stock opened at C$4.68 on Friday. Tamarack Valley Energy has a 12-month low of C$2.90 and a 12-month high of C$5.05. The company has a market capitalization of C$2.55 billion, a price-to-earnings ratio of 20.35 and a beta of 2.49. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The firm’s fifty day moving average price is C$4.55 and its 200 day moving average price is C$4.15.

Tamarack Valley Energy Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 14th will be paid a dividend of $0.0127 per share. This represents a $0.15 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Friday, January 31st. Tamarack Valley Energy’s payout ratio 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.