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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$10.11.

A number of equities research analysts have recently commented on the stock. Desjardins increased their target price on shares of 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 upped their price objective on shares of Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Raymond James Financial downgraded shares of Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. National Bank Financial raised their target price 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. Finally, Canaccord Genuity Group boosted their target price on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, February 26th.

Tamarack Valley Energy Price Performance

Shares of TVE opened at C$11.19 on Friday. 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 has a one year low of C$3.10 and a one year high of C$12.00. The stock has a market capitalization of C$5.42 billion, a price-to-earnings ratio of -159.86 and a beta of 0.70. The stock has a 50 day moving average price of C$10.19 and a 200 day moving average price of C$8.19.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 earnings per share for the quarter. Tamarack Valley Energy had a negative return on equity of 1.84% and a negative net margin of 2.41%.The company had revenue of C$304.60 million for the quarter. Equities research analysts forecast that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Tamarack Valley Energy Dividend Announcement

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