Recent Research Analysts’ Ratings Changes for Tamarack Valley Energy (TVE)

A number of research firms have changed their ratings and price targets for Tamarack Valley Energy (TSE: TVE):

• 11/1/2024 – Tamarack Valley Energy had its price target raised by analysts at National Bankshares, Inc. from C$6.75 to C$7.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Tamarack Valley Energy had its price target raised by analysts at CIBC from C$5.50 to C$5.75. They now have an “outperform” rating on the stock.
• 11/1/2024 – Tamarack Valley Energy had its price target raised by analysts at Royal Bank of Canada from C$4.50 to C$5.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Tamarack Valley Energy had its price target raised by analysts at Acumen Capital from C$5.50 to C$6.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Tamarack Valley Energy was upgraded by analysts at Raymond James to a “hold” rating.
• 10/4/2024 – Tamarack Valley Energy was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating.
• 9/27/2024 – Tamarack Valley Energy had its price target lowered by analysts at National Bankshares, Inc. from C$7.25 to C$6.75.

Tamarack Valley Energy Stock Performance

TVE traded up C$0.02 during trading on Wednesday, hitting C$4.39. The company’s stock had a trading volume of 306,345 shares, compared to its average volume of 2,447,366. The business’s 50 day simple moving average is C$4.09 and its 200-day simple moving average is C$3.89. Tamarack Valley Energy Ltd has a one year low of C$2.76 and a one year high of C$4.58. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72. The firm has a market cap of C$2.39 billion, a PE ratio of 19.09 and a beta of 2.49.

Tamarack Valley Energy Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.0127 per share. The ex-dividend date is Friday, November 29th. This is an increase from Tamarack Valley Energy’s previous monthly dividend of $0.01. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.47%. Tamarack Valley Energy’s payout ratio is 65.22%.

Insider Buying and Selling

In related news, Senior Officer Christine Ezinga bought 13,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average cost of C$3.99 per share, with a total value of C$51,870.00. 1.32% of the stock is currently owned by insiders.

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.