Tamarack Valley Energy Ltd (TSE:TVE) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$7.78.

A number of analysts recently commented on the company. Acumen Capital lifted their price target on Tamarack Valley Energy from C$7.25 to C$7.50 and gave the stock a “buy” rating in a report on Thursday, October 30th. BMO Capital Markets lifted their target price on Tamarack Valley Energy from C$9.00 to C$11.00 in a research note on Friday, November 21st. Raymond James Financial boosted their price target on shares of Tamarack Valley Energy from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. ATB Capital raised their price objective on shares of Tamarack Valley Energy from C$7.00 to C$7.25 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Desjardins lifted their price objective on shares of Tamarack Valley Energy from C$7.75 to C$8.50 and gave the stock a “buy” rating in a research report on Monday, November 24th.

Insiders Place Their Bets

In other news, Director Shannon Joseph acquired 16,129 shares of Tamarack Valley Energy stock in a transaction on Thursday, November 6th. The stock was acquired at an average cost of C$6.32 per share, with a total value of C$101,935.28. Following the completion of the acquisition, the director owned 38,328 shares in the company, valued at approximately C$242,232.96. This trade represents a 72.66% increase in their ownership of the stock. Company insiders own 1.32% of the company’s stock.

Tamarack Valley Energy Stock Up 2.1%

Tamarack Valley Energy stock opened at C$7.81 on Monday. Tamarack Valley Energy has a fifty-two week low of C$3.10 and a fifty-two week high of C$7.84. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The firm’s 50-day simple moving average is C$6.50 and its 200 day simple moving average is C$5.57. The stock has a market cap of C$3.84 billion, a PE ratio of -45.94 and a beta of 0.79.

Tamarack Valley Energy (TSE:TVE) last posted its earnings results on Friday, October 31st. The company reported C($0.50) EPS for the quarter. Tamarack Valley Energy had a return on equity of 9.89% and a net margin of 13.48%.The firm had revenue of C$406.32 million for the quarter. Research analysts predict that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Tamarack Valley Energy Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, November 14th. Investors of record on Friday, November 14th were issued a $0.0127 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, October 31st. Tamarack Valley Energy’s payout ratio is -89.85%.

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.