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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$5.78.

Several equities research analysts recently commented on the company. CIBC lifted their price objective on Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Acumen Capital raised their target price on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Canaccord Genuity Group raised their target price on Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. National Bankshares dropped 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 research report on Thursday, December 19th. Finally, BMO Capital Markets raised their target price on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th.

Insider Activity

In other news, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$4.42, for a total transaction of C$42,732.56. Insiders own 1.32% of the company’s stock.

Tamarack Valley Energy Price Performance

TSE TVE opened at C$4.27 on Friday. Tamarack Valley Energy has a one year low of C$3.33 and a one year high of C$5.05. The stock has a 50-day moving average of C$4.61 and a 200 day moving average of C$4.30. The company has a market capitalization of C$2.25 billion, a price-to-earnings ratio of 10.93 and a beta of 2.49. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73.

Tamarack Valley Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, March 14th will be given a dividend of $0.0127 per share. The ex-dividend date is Friday, February 28th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.57%. Tamarack Valley Energy’s payout ratio is currently 38.41%.

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.