Tamarack Valley Energy Ltd (TSE:TVE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Tamarack Valley Energy Ltd (TSE:TVE) has been given a consensus rating of “Moderate Buy” by the nine ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$10.90.

Several brokerages have recently issued reports on TVE. 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. Canaccord Genuity Group boosted their price objective on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research report on Thursday, February 26th. Desjardins boosted their price objective on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research report on Thursday, February 26th. National Bank Financial boosted their price objective on Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a research report on Thursday, February 26th. Finally, Roth Mkm set a C$15.00 price objective on Tamarack Valley Energy and gave the stock a “buy” rating in a research report on Tuesday, May 19th.

Tamarack Valley Energy Stock Performance

Shares of TSE TVE opened at C$12.78 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.80 and a debt-to-equity ratio of 37.62. The stock has a 50 day simple moving average of C$11.73 and a 200-day simple moving average of C$9.58. The company has a market cap of C$6.11 billion, a PE ratio of -71.00 and a beta of 0.46. Tamarack Valley Energy has a 12-month low of C$4.27 and a 12-month high of C$13.97.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 earnings per share (EPS) for the quarter. The business had revenue of C$375.55 million during the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%. On average, equities research analysts forecast that Tamarack Valley Energy will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, March 13th. Tamarack Valley Energy’s dividend payout ratio is -86.62%.

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.