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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$5.81.

Several research firms have recently weighed in on TVE. Desjardins downgraded shares of Tamarack Valley Energy from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$6.00 to C$5.25 in a research report on Wednesday, March 19th. Canaccord Genuity Group boosted their price objective on Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. National Bankshares reduced their target price on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a report on Thursday, December 19th. BMO Capital Markets lifted their target price on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. Finally, CIBC upped their price target on Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th.

Tamarack Valley Energy Stock Up 1.6 %

Shares of TSE:TVE opened at C$4.46 on Wednesday. Tamarack Valley Energy has a 12-month low of C$3.44 and a 12-month high of C$5.05. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. The firm has a market cap of C$2.36 billion, a PE ratio of 11.42 and a beta of 2.49. The company has a fifty day simple moving average of C$4.39 and a 200 day simple moving average of C$4.32.

Tamarack Valley Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were given a dividend of $0.0127 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.15 dividend on an annualized basis and a yield of 3.42%. Tamarack Valley Energy’s dividend payout ratio is currently 38.41%.

Insiders Place Their Bets

In other news, Senior Officer Brian Leslie Schmidt bought 84,734 shares of Tamarack Valley Energy stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of C$4.55 per share, with a total value of C$385,539.70. 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.