Should I buy or sell Tamarack Valley Energy stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tamarack Valley Energy in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TVE shares. View TVE analyst ratings or view top-rated stocks .

What is Tamarack Valley Energy's stock price target for 2024?

9 Wall Street analysts have issued 12 month target prices for Tamarack Valley Energy's shares. Their TVE share price targets range from C$4.00 to C$6.50. On average, they anticipate the company's share price to reach C$4.85 in the next year. This suggests a possible upside of 28.6% from the stock's current price. View analysts price targets for TVE or view top-rated stocks among Wall Street analysts .

How have TVE shares performed in 2024?

Tamarack Valley Energy's stock was trading at C$3.07 on January 1st, 2024. Since then, TVE stock has increased by 22.8% and is now trading at C$3.77. View the best growth stocks for 2024 here .

When is Tamarack Valley Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our TVE earnings forecast .

How were Tamarack Valley Energy's earnings last quarter?

Tamarack Valley Energy Ltd (TSE:TVE) announced its quarterly earnings results on Wednesday, February, 28th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.04. The firm had revenue of $418.86 million for the quarter. Tamarack Valley Energy had a trailing twelve-month return on equity of 4.34% and a net margin of 6.70%.

How often does Tamarack Valley Energy pay dividends? What is the dividend yield for Tamarack Valley Energy?

Tamarack Valley Energy announced a monthly dividend on Monday, April 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.0125 per share on Wednesday, May 15th. This represents a $0.15 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Monday, April 29th. Read our dividend analysis for TVE .

Is Tamarack Valley Energy a good dividend stock?

Tamarack Valley Energy (TSE:TVE) pays an annual dividend of C$0.15 per share and currently has a dividend yield of 3.96%. TVE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 88.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for TVE .

What other stocks do shareholders of Tamarack Valley Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tamarack Valley Energy investors own include MEG Energy (MEG) , Baytex Energy (BTE) , Whitecap Resources (WCP) , NuVista Energy (NVA) , Crescent Point Energy (CPG) , Cenovus Energy (CVE) , TORC Oil & Gas Ltd. (TOG.TO) (TOG) , Aurora Cannabis (ACB) , Birchcliff Energy (BIR) and Kelt Exploration (KEL) .

How do I buy shares of Tamarack Valley Energy?

Shares of TVE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:TVE

Tamarack Valley Energy (TVE) Stock Price, News & Analysis

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Free TVE Stock Alerts

C$3.77

-0.03 (-0.79%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$3.75
▼
C$3.84
50-Day Range: C$3.05
▼
C$4.20
52-Week Range: C$2.76
▼
C$4.34

Volume: 1.52 million shs
Average Volume: 2.27 million shs
Market Capitalization: C$2.05 billion

P/E Ratio: 22.18
Dividend Yield: 3.98%
Price Target: C$4.85

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Tamarack Valley Energy alerts:

Tamarack Valley Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.89 Rating Score
Upside/Downside: 28.6% Upside
C$4.85 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.42
Based on 9 Articles This Week
Insider Trading: Acquiring Shares
C$178,867 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.69 out of 5 stars

4.4

Analyst's Opinion

Consensus Rating
Tamarack Valley Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.89, and is based on 8 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Tamarack Valley Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for TVE.

1.7

Dividend Strength

Dividend Leadership
Tamarack Valley Energy is a leading dividend payer. It pays a dividend yield of 3.96%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Tamarack Valley Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Tamarack Valley Energy is 88.24%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TVE.

2.5

News and Social Media Coverage

News Sentiment
Tamarack Valley Energy has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Tamarack Valley Energy this week, compared to 1 article on an average week.
Search Interest
7 people have searched for TVE on MarketBeat in the last 30 days. This is an increase of 17% compared to the previous 30 days.
MarketBeat Follows
Only 7 people have added Tamarack Valley Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -13% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tamarack Valley Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$178,867.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 1.15% of the stock of Tamarack Valley Energy is held by insiders.
Percentage Held by Institutions
Only 27.07% of the stock of Tamarack Valley Energy is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tamarack Valley Energy is 22.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tamarack Valley Energy is 22.18, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.46.
Price to Book Value per Share Ratio
Tamarack Valley Energy has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Tamarack Valley Energy Stock (TSE:TVE)

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. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. Tamarack Valley Energy Ltd. was incorporated in 2002 and is headquartered in Calgary, Canada.

TVE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TVE Stock News Headlines

April 6, 2024 | insidertrades.com

Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Scott Shimek Acquires 8,500 Shares

March 22, 2024 | insidertrades.com

Insider Buying: Tamarack Valley Energy Ltd (TSE:TVE) Senior Officer Buys 21,150 Shares of Stock

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April 18, 2024 | finance.yahoo.com

Canada Needs More Oil Pipes After Trans Mountain, Tamarack Says

April 18, 2024 | americanbankingnews.com

Tamarack Valley Energy (TSE:TVE) Price Target Raised to C$4.75 at Canaccord Genuity Group

April 15, 2024 | finance.yahoo.com

UPDATE 1-Canada's Tamarack Valley shutters production after Alberta gas plant fire

April 15, 2024 | ca.finance.yahoo.com

Canada's Tamarack Valley shutters production after Alberta gas plant fire

April 14, 2024 | finance.yahoo.com

Tamarack Valley Energy Ltd.'s (TSE:TVE) Stock Is Going Strong: Have Financials A Role To Play?

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Tamarack Valley Energy Ltd (TSE:TVE) Receives Average Rating of "Moderate Buy" from Analysts

April 5, 2024 | theglobeandmail.com

Tamarack Valley Energy insiders buy as shorts get squeezed

April 4, 2024 | seekingalpha.com

TVE:CA Tamarack Valley Energy Ltd.

February 25, 2024 | msn.com

Power outages across the River Valley

February 1, 2024 | morningstar.com

Tamarack Valley Energy Ltd

January 16, 2024 | finance.yahoo.com

Tamarack Valley Energy Announces Monthly Dividend Declaration, NCIB Renewal and Initiation of Enhanced Shareholder Returns

December 19, 2023 | msn.com

Some Canadian oil firms await Trudeau's fate rather than cut emissions faster

December 15, 2023 | theglobeandmail.com

Tamarack Valley Energy: Top 25 Undervalued Dividend Stocks on TSX (TVE)

December 14, 2023 | morningstar.com

Tamarack Valley Energy Ltd TVE

December 11, 2023 | fool.ca

TSX:TVE (Tamarack Valley Energy Ltd)

December 7, 2023 | msn.com

TSX Today: What to Watch for in Stocks on Thursday, December 7

December 6, 2023 | finance.yahoo.com

Tamarack Valley Energy Announces 2024 Corporate Budget

November 10, 2023 | finance.yahoo.com

Tamarack Valley Energy (TSE:TVE) shareholders are still up 381% over 3 years despite pulling back 10% in the past week

October 21, 2023 | msn.com

TSX Today: What to Watch for in Stocks on Friday, October 20

October 19, 2023 | finance.yahoo.com

Tamarack Valley Energy Further Advances Core Asset Focus with the Sale of Non-Core Cardium Assets

September 16, 2023 | finance.yahoo.com

Do Its Financials Have Any Role To Play In Driving Tamarack Valley Energy Ltd.'s (TSE:TVE) Stock Up Recently?

September 1, 2023 | msn.com

Canada shares higher at close of trade; S&P/TSX Composite up 1.25%

July 27, 2023 | finance.yahoo.com

Tamarack Valley Energy Announces Second Quarter 2023 Financial Results and Provides Operational Update

See More Headlines

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Company Calendar

Last Earnings: 2/28/2024
Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/19/2024
Ex-Dividend for 5/15 Dividend: 4/29/2024
Next Earnings (Estimated): 5/08/2024
Dividend Payable: 5/15/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Oils/Energy
Industry: Oil & Gas E & P
Sub-Industry: N/A
Current Symbol: TSE:TVE
CUSIP: N/A
CIK: N/A
Web: www.tamarackvalley.ca
Phone: +1-403-2634440
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$4.85
High Stock Price Target: C$6.50
Low Stock Price Target: C$4.00
Potential Upside/Downside: +28.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.89
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.17
Trailing P/E Ratio: 22.18
Forward P/E Ratio: 13.47
P/E Growth: N/A
Net Income: C$94.20 million
Net Margins: 6.70%
Pretax Margin: N/A
Return on Equity: 4.34%
Return on Assets: 5.26%

Debt

Debt-to-Equity Ratio: 43.39
Current Ratio: 0.52
Quick Ratio: 0.80

Sales & Book Value

Annual Sales: C$1.41 billion
Price / Sales: 1.45
Cash Flow: C$0.15 per share
Price / Cash Flow: 24.80
Book Value: C$3.90 per share
Price / Book: 0.97

Miscellaneous

Outstanding Shares: 543,880,000
Free Float: N/A
Market Cap: C$2.05 billion
Optionable: Not Optionable
Beta: 2.59

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Key Executives

Mr. Brian Leslie Schmidt (Age 60)
Pres, CEO & Director
Mr. Ron S. Hozjan
VP of Fin. & CFO
Mr. Kevin Screen
VP of Production & Operations
Mr. Scott Reimond
VP of Exploration
Mr. Ken Cruikshank
VP of Land

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

TVE Stock Analysis - Frequently Asked Questions

Should I buy or sell Tamarack Valley Energy stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tamarack Valley Energy in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TVE shares.
View TVE analyst ratings or view top-rated stocks.
What is Tamarack Valley Energy's stock price target for 2024?: 9 Wall Street analysts have issued 12 month target prices for Tamarack Valley Energy's shares. Their TVE share price targets range from C$4.00 to C$6.50. On average, they anticipate the company's share price to reach C$4.85 in the next year. This suggests a possible upside of 28.6% from the stock's current price.
View analysts price targets for TVE or view top-rated stocks among Wall Street analysts.
How have TVE shares performed in 2024?: Tamarack Valley Energy's stock was trading at C$3.07 on January 1st, 2024. Since then, TVE stock has increased by 22.8% and is now trading at C$3.77.
View the best growth stocks for 2024 here.
When is Tamarack Valley Energy's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our TVE earnings forecast.
How were Tamarack Valley Energy's earnings last quarter?: Tamarack Valley Energy Ltd (TSE:TVE) announced its quarterly earnings results on Wednesday, February, 28th. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.04. The firm had revenue of $418.86 million for the quarter. Tamarack Valley Energy had a trailing twelve-month return on equity of 4.34% and a net margin of 6.70%.

How often does Tamarack Valley Energy pay dividends? What is the dividend yield for Tamarack Valley Energy?: Tamarack Valley Energy announced a monthly dividend on Monday, April 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.0125 per share on Wednesday, May 15th. This represents a $0.15 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Monday, April 29th.
Read our dividend analysis for TVE.
Is Tamarack Valley Energy a good dividend stock?: Tamarack Valley Energy (TSE:TVE) pays an annual dividend of C$0.15 per share and currently has a dividend yield of 3.96%. TVE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 88.24%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for TVE.
What other stocks do shareholders of Tamarack Valley Energy own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Tamarack Valley Energy investors own include MEG Energy (MEG), Baytex Energy (BTE), Whitecap Resources (WCP), NuVista Energy (NVA), Crescent Point Energy (CPG), Cenovus Energy (CVE), TORC Oil & Gas Ltd. (TOG.TO) (TOG), Aurora Cannabis (ACB), Birchcliff Energy (BIR) and Kelt Exploration (KEL).
How do I buy shares of Tamarack Valley Energy?: Shares of TVE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:TVE) was last updated on 4/19/2024 by MarketBeat.com Staff

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Tamarack Valley Energy (TVE) Stock Price, News & Analysis

Tamarack Valley Energy MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Tamarack Valley Energy Stock (TSE:TVE)

TVE Stock Price History

TVE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

TVE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™