Tamarack Valley Energy (TSE:TVE) Posts Quarterly Earnings Results

Tamarack Valley Energy (TSE:TVE) issued its earnings results on Wednesday. The company reported C$0.20 EPS for the quarter, FiscalAI reports. The business had revenue of C$375.55 million during the quarter. Tamarack Valley Energy had a negative return on equity of 1.84% and a negative net margin of 2.41%.

Here are the key takeaways from Tamarack Valley Energy’s conference call:

• Tamarack reported Q1 production of 71,329 BOE/d (?86% oil & liquids), with Clearwater output at 53,000 BOE/d (+19% YoY) and corporate production up ~5% year?over?year.
• The company generated CAD 128 million of free funds flow (CAD 0.26/share) on CAD 222 million of adjusted funds flow, repurchased 4.6 million shares in the quarter (74.6M total since 2024) and exited Q1 with CAD 623 million net debt (<1x trailing AFF).
• Clearwater waterflood progress is accelerating—~40,000 bpd injection in Q1 with ~24% of Clearwater oil under flood, estimated uplift >6,000 bpd to date, and a plan for 65 injectors to target ~60,000 bpd injection and >35% flood penetration by year?end to lower declines and sustaining capital.
• Management reaffirmed 2026 guidance (budgeted at US$60 WTI), has accelerated some primary drilling into Q2 to capture near?term pricing, and retains flexibility to scale H2 capital between primary growth, waterflood, buybacks and debt repayment based on market conditions.

Tamarack Valley Energy Stock Performance

TVE stock traded down C$0.26 during midday trading on Thursday, reaching C$11.82. 470,493 shares of the company’s stock traded hands, compared to its average volume of 2,252,344. The firm has a market capitalization of C$5.72 billion, a PE ratio of -168.86 and a beta of 0.46. The company has a 50-day moving average price of C$11.11 and a two-hundred day moving average price of C$9.03. Tamarack Valley Energy has a 52 week low of C$3.83 and a 52 week high of C$13.22. The company has a debt-to-equity ratio of 37.29, a quick ratio of 0.80 and a current ratio of 0.90.

Tamarack Valley Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, March 13th. Tamarack Valley Energy’s payout ratio is currently -220.24%.

Analysts Set New Price Targets

TVE has been the subject of several analyst reports. Royal Bank Of Canada increased their price objective on 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. Desjardins increased their price target on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research report on Thursday, February 26th. Acumen Capital boosted their price objective on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a “buy” rating in a research report on Thursday, February 26th. ATB Cormark Capital Markets raised their target price on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Finally, National Bank Financial increased their price target on shares of Tamarack Valley Energy from C$10.00 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$10.44.

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.