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

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$4.93.

Several brokerages have recently commented on TVE. Raymond James decreased their target price on Tamarack Valley Energy from C$5.00 to C$4.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. National Bankshares lifted their target price on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the company an “outperform” rating in a research note on Wednesday, January 10th. CIBC increased their price target on shares of Tamarack Valley Energy from C$4.50 to C$5.25 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Desjardins raised their price target on shares of Tamarack Valley Energy from C$4.50 to C$4.75 and gave the stock a “buy” rating in a report on Friday, March 22nd. Finally, BMO Capital Markets set a C$4.00 price objective on shares of Tamarack Valley Energy and gave the company a “market perform” rating in a research note on Thursday, March 21st.

Tamarack Valley Energy Price Performance

TSE TVE opened at C$3.68 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.80 and a debt-to-equity ratio of 43.39. Tamarack Valley Energy has a 1 year low of C$2.76 and a 1 year high of C$4.34. The company has a market cap of C$2.00 billion, a PE ratio of 21.65 and a beta of 2.59. The stock’s 50-day moving average price is C$3.76 and its two-hundred day moving average price is C$3.51.

Tamarack Valley Energy (TSE:TVE) last released its earnings results on Wednesday, February 28th. The company reported C$0.10 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.04. The business had revenue of C$418.86 million for the quarter. Tamarack Valley Energy had a net margin of 6.70% and a return on equity of 4.34%. On average, analysts predict that Tamarack Valley Energy will post 0.2799189 EPS for the current year.

Tamarack Valley Energy Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.0125 per share. This represents a $0.15 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Monday, April 29th. Tamarack Valley Energy’s payout ratio is presently 88.24%.

Insiders Place Their Bets

In other Tamarack Valley Energy news, Senior Officer Scott Shimek bought 8,500 shares of the stock in a transaction on Wednesday, April 3rd. The shares were purchased at an average cost of C$4.08 per share, with a total value of C$34,680.00. In related news, Senior Officer Scott Shimek bought 8,500 shares of Tamarack Valley Energy stock in a transaction that occurred on Wednesday, April 3rd. The stock was purchased at an average cost of C$4.08 per share, for a total transaction of C$34,680.00. Also, Senior Officer Brian Leslie Schmidt purchased 8,673 shares of the stock in a transaction on Wednesday, March 13th. The shares were bought at an average price of C$3.55 per share, for a total transaction of C$30,789.15. Insiders acquired 47,718 shares of company stock valued at $178,867 over the last ninety days. Corporate insiders own 1.15% of the company’s stock.

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.