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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$4.95.

TVE has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a research report on Thursday, May 9th. Cormark upped their price objective on shares of Tamarack Valley Energy from C$4.75 to C$5.00 in a research report on Thursday, May 9th. BMO Capital Markets set a C$4.00 price objective on shares of Tamarack Valley Energy and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Canaccord Genuity Group upped their price objective on shares of Tamarack Valley Energy from C$4.25 to C$4.75 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Finally, ATB Capital decreased their price objective on shares of Tamarack Valley Energy from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Thursday, February 29th.

Tamarack Valley Energy Price Performance

TSE:TVE opened at C$3.49 on Monday. Tamarack Valley Energy has a one year low of C$2.76 and a one year high of C$4.34. The company has a debt-to-equity ratio of 45.81, a quick ratio of 0.80 and a current ratio of 0.67. The firm has a market cap of C$1.93 billion, a price-to-earnings ratio of 31.73 and a beta of 2.59. The firm’s fifty day moving average is C$3.69 and its two-hundred day moving average is C$3.46.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings results on Wednesday, May 8th. The company reported C($0.06) EPS for the quarter, missing the consensus estimate of C$0.04 by C($0.10). The business had revenue of C$393.34 million during the quarter. Tamarack Valley Energy had a net margin of 4.16% and a return on equity of 2.78%. Research analysts expect that Tamarack Valley Energy will post 0.1714964 EPS for the current year.

Tamarack Valley Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.013 per share. The ex-dividend date is Friday, June 28th. This represents a $0.16 annualized dividend and a yield of 4.47%. Tamarack Valley Energy’s dividend payout ratio is presently 136.36%.

Insider Activity at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Scott Shimek acquired 8,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was bought at an average price of C$4.08 per share, with a total value of C$34,680.00. In other news, Director Caralyn Patricia Bennett purchased 10,193 shares of the company’s stock in a transaction dated Monday, May 27th. The stock was acquired at an average price of C$3.57 per share, with a total value of C$36,403.28. Also, Senior Officer Scott Shimek purchased 8,500 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was purchased at an average cost of C$4.08 per share, with a total value of C$34,680.00. In the last quarter, insiders acquired 70,930 shares of company stock valued at $256,669. Corporate insiders own 1.21% of the company’s stock.

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.