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

Shares of Tamarack Valley Energy Ltd (TSE:TVEGet Rating) have earned a consensus recommendation of “Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$5.75.

A number of brokerages have issued reports on TVE. BMO Capital Markets raised their price target on shares of Tamarack Valley Energy from C$5.25 to C$6.00 in a report on Friday, March 4th. Royal Bank of Canada lifted their price target on shares of Tamarack Valley Energy from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research note on Friday, March 4th. National Bankshares lowered their price target on shares of Tamarack Valley Energy from C$8.00 to C$7.00 in a report on Thursday, April 14th. Acumen Capital boosted their price target on shares of Tamarack Valley Energy from C$5.00 to C$5.50 and gave the stock a “buy” rating in a research report on Friday, January 14th. Finally, Stifel Nicolaus restated a “buy” rating and issued a C$6.50 price target on shares of Tamarack Valley Energy in a research report on Tuesday, February 1st.

In other news, Senior Officer Brian Leslie Schmidt bought 50,000 shares of the business’s stock in a transaction dated Monday, March 14th. The stock was purchased at an average cost of C$5.00 per share, with a total value of C$250,000.00. Following the acquisition, the insider now directly owns 2,206,683 shares in the company, valued at C$11,033,415. Also, Director Robert Spitzer bought 32,685 shares of the business’s stock in a transaction dated Wednesday, March 9th. The shares were purchased at an average cost of C$5.42 per share, with a total value of C$176,992.54. Following the completion of the acquisition, the director now owns 385,942 shares in the company, valued at C$2,089,914.52.

TSE TVE opened at C$5.11 on Wednesday. The company’s 50 day simple moving average is C$5.09 and its two-hundred day simple moving average is C$4.30. The stock has a market capitalization of C$2.21 billion and a PE ratio of 4.73. Tamarack Valley Energy has a 1 year low of C$2.05 and a 1 year high of C$6.09. The company has a debt-to-equity ratio of 38.73, a current ratio of 0.93 and a quick ratio of 0.85.

The firm also recently declared a monthly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be given a dividend of $0.008 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Thursday, April 28th. Tamarack Valley Energy’s dividend payout ratio is presently 9.26%.

About Tamarack Valley Energy (Get Rating)

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.

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Analyst Recommendations for Tamarack Valley Energy (TSE:TVE)

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