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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$10.44.

A number of equities analysts have weighed in on TVE shares. Canaccord Genuity Group upped their price target on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. Desjardins raised their price target on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. ATB Cormark Capital Markets raised their price target on shares of Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Royal Bank Of Canada raised their price target on shares of Tamarack Valley Energy from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Finally, National Bank Financial raised their price target on shares of Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 26th.

Tamarack Valley Energy Price Performance

Shares of TVE opened at C$12.08 on Thursday. The company has a debt-to-equity ratio of 37.29, a quick ratio of 0.80 and a current ratio of 0.90. The stock has a 50 day simple moving average of C$11.11 and a 200 day simple moving average of C$9.03. Tamarack Valley Energy has a 52-week low of C$3.65 and a 52-week high of C$13.22. The firm has a market capitalization of C$5.85 billion, a PE ratio of -172.57 and a beta of 0.46.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 earnings per share (EPS) for the quarter. Tamarack Valley Energy had a negative return on equity of 1.84% and a negative net margin of 2.41%.The business had revenue of C$375.55 million during the quarter. Sell-side analysts predict that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Tamarack Valley Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, March 13th. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently -220.24%.

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.