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

Tamarack Valley Energy Ltd (TSE:TVE) has received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$8.92.

TVE has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on Tamarack Valley Energy from C$9.00 to C$11.00 in a research note on Friday, November 21st. ATB Capital upped their price target on shares of Tamarack Valley Energy from C$7.25 to C$9.00 and gave the stock an “outperform” rating in a report on Thursday, December 4th. Royal Bank Of Canada lifted their price objective on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. National Bankshares lifted their target price on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Finally, Canaccord Genuity Group increased their price target on Tamarack Valley Energy from C$6.75 to C$8.00 in a research report on Thursday, December 4th.

Insider Activity

In other news, Director Shannon Joseph acquired 16,129 shares of Tamarack Valley Energy stock in a transaction that occurred on Thursday, November 6th. The stock was purchased at an average price of C$6.32 per share, for a total transaction of C$101,935.28. Following the purchase, the director directly owned 38,328 shares in the company, valued at C$242,232.96. The trade was a 72.66% increase in their position. 1.32% of the stock is currently owned by insiders.

Tamarack Valley Energy Price Performance

Shares of Tamarack Valley Energy stock opened at C$7.97 on Friday. The stock has a market cap of C$3.92 billion, a price-to-earnings ratio of -46.88 and a beta of 0.95. The stock has a 50 day moving average price of C$7.15 and a 200-day moving average price of C$6.00. Tamarack Valley Energy has a one year low of C$3.10 and a one year high of C$8.32. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73.

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

Tamarack Valley Energy Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 14th. Stockholders 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 1.9%. The ex-dividend date was Friday, October 31st. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently -89.85%.

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.