Tamarack Valley Energy (TSE:TVE) Given New C$5.75 Price Target at CIBC

Tamarack Valley Energy (TSE:TVE) had its price objective increased by CIBC from C$5.50 to C$5.75 in a research note published on Friday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Other equities analysts have also recently issued research reports about the company. National Bankshares cut their price target on Tamarack Valley Energy from C$7.25 to C$6.75 in a report on Friday, September 27th. Royal Bank of Canada upped their target price on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a research note on Friday. Raymond James upgraded shares of Tamarack Valley Energy to a “hold” rating in a research note on Thursday, October 17th. Finally, BMO Capital Markets upgraded shares of Tamarack Valley Energy from a “market perform” rating to an “outperform” rating in a research note on Friday, October 4th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tamarack Valley Energy has an average rating of “Moderate Buy” and an average price target of C$5.23.

Tamarack Valley Energy Price Performance

Shares of Tamarack Valley Energy stock opened at C$4.26 on Friday. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The company has a market cap of C$2.32 billion, a PE ratio of 18.52 and a beta of 2.49. The firm has a fifty day moving average price of C$3.97 and a two-hundred day moving average price of C$3.84. Tamarack Valley Energy has a fifty-two week low of C$2.76 and a fifty-two week high of C$4.35.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%. The business had revenue of C$382.98 million during the quarter. Analysts expect that Tamarack Valley Energy will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.0125 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.15 annualized dividend and a yield of 3.52%. Tamarack Valley Energy’s dividend payout ratio is 65.22%.

Insider Transactions at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Christine Ezinga acquired 8,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of C$3.67 per share, for a total transaction of C$29,367.20. Insiders have acquired 28,173 shares of company stock valued at $107,945 in the last three months. 1.32% of the stock is owned by corporate insiders.

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.