Tamarack Valley Energy (TSE:TVE) Given New C$15.25 Price Target at Canadian Imperial Bank of Commerce

Tamarack Valley Energy (TSE:TVE) had its price target raised by Canadian Imperial Bank of Commerce from C$14.25 to C$15.25 in a research note released on Friday,BayStreet.CA reports. They currently have an outperformer rating on the stock.

Several other brokerages have also recently issued reports on TVE. Acumen Capital increased their price target on shares of 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. ATB Cormark Capital Markets upped their target price on shares of Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Roth Mkm set a C$15.00 target price on shares of Tamarack Valley Energy and gave the stock a “buy” rating in a report on Tuesday, May 19th. Desjardins raised their price target 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. Finally, National Bank Financial boosted their price target 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. Nine analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$12.73.

Tamarack Valley Energy Stock Down 1.1%

Shares of TSE TVE opened at C$12.76 on Friday. The firm has a market cap of C$6.10 billion, a price-to-earnings ratio of -70.89 and a beta of 0.46. The company’s 50-day simple moving average is C$11.90 and its 200-day simple moving average is C$9.77. The company has a quick ratio of 0.80, a current ratio of 0.69 and a debt-to-equity ratio of 37.62. Tamarack Valley Energy has a 52-week low of C$4.35 and a 52-week high of C$13.97.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.20 EPS for the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%.The firm had revenue of C$375.55 million during the quarter. Equities analysts predict that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Tamarack Valley Energy Dividend Announcement

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

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.