Tamarack Valley Energy Ltd (TSE:TVE) Stock Has Consensus Target Price of C$14.60 According to Analysts

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned an average rating of “Buy” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. Eleven investment analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is C$15.08.

A number of equities analysts have recently commented on the stock. Raymond James Financial lifted their price target on shares of Tamarack Valley Energy from C$16.00 to C$17.00 and gave the company an “outperform” rating in a research report on Wednesday, September 9th. ATB Cormark Capital Markets upped their price objective on shares of Tamarack Valley Energy from C$16.00 to C$17.25 and gave the stock an “outperform” rating in a report on Thursday, October 22nd. Jefferies Financial Group set a C$17.00 target price on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research note on Tuesday, August 18th. Scotiabank set a C$17.00 target price on shares of Tamarack Valley Energy and gave the company a “sector outperform” rating in a research note on Wednesday, September 30th. Finally, Desjardins lifted their target price on shares of Tamarack Valley Energy from C$16.00 to C$16.50 and gave the stock a “buy” rating in a report on Wednesday, September 9th.

Tamarack Valley Energy Stock Performance

Shares of TSE TVE opened at C$14.70 on Thursday. The business’s 50-day simple moving average is C$13.76 and its 200-day simple moving average is C$12.11. The company has a debt-to-equity ratio of 18.26, a quick ratio of 0.80 and a current ratio of 2.30. Tamarack Valley Energy has a 52 week low of C$6.06 and a 52 week high of C$15.16. The firm has a market cap of C$6.96 billion, a price-to-earnings ratio of 210.00 and a beta of 0.41.

Tamarack Valley Energy (TSE:TVE) last posted its earnings results on Wednesday, October 28th. The company reported C$0.28 earnings per share for the quarter. The firm had revenue of C$365.81 million during the quarter. Tamarack Valley Energy had a return on equity of 1.34% and a net margin of 1.50%. As a group, equities research analysts expect that Tamarack Valley Energy will post 0.14 earnings per share for the current fiscal year.

Tamarack Valley Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Tamarack Valley Energy’s previous quarterly dividend of $0.04. The ex-dividend date was Tuesday, September 15th. Tamarack Valley Energy’s dividend payout ratio is currently 225.24%.

Insider Activity

In other Tamarack Valley Energy news, Director Caralyn Patricia Bennett acquired 36,568 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was acquired at an average price of C$13.26 per share, with a total value of C$484,891.68. Following the transaction, the director owned 169,192 shares of the company’s stock, valued at approximately C$2,243,485.92. This trade represents a 27.57% increase in their ownership of the stock. Also, insider Kevin James Johnston acquired 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were acquired at an average cost of C$13.44 per share, with a total value of C$100,800.00. Following the transaction, the insider directly owned 104,491 shares in the company, valued at C$1,404,359.04. The trade was a 7.73% increase in their position. Over the last ninety days, insiders bought 44,458 shares of company stock worth $590,957. 1.32% of the stock is currently owned by company insiders.

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.