Analysts Set Tamarack Valley Energy Ltd (TSE:TVE) PT at C$5.81

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$5.81.

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

Tamarack Valley Energy Trading Up 0.9 %

Shares of TVE opened at C$4.41 on Wednesday. Tamarack Valley Energy has a fifty-two week low of C$3.44 and a fifty-two week high of C$5.05. The company has a market capitalization of C$2.33 billion, a PE ratio of 11.29 and a beta of 2.49. The stock has a fifty day moving average of C$4.36 and a two-hundred day moving average of C$4.34. 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 Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, March 14th. Investors of record on Friday, March 14th were issued a $0.0127 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.15 annualized dividend and a yield of 3.46%. Tamarack Valley Energy’s dividend payout ratio is currently 38.41%.

Insider Buying and Selling at Tamarack Valley Energy

In related news, Senior Officer Brian Leslie Schmidt purchased 84,734 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of C$4.55 per share, for a total transaction of C$385,539.70. 1.32% of the stock is currently owned by corporate insiders.

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.