Tamarack Valley Energy Ltd (TSE:TVE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$6.33.

A number of research firms recently weighed in on TVE. Royal Bank Of Canada increased their price objective on Tamarack Valley Energy from C$6.00 to C$7.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. ATB Capital lifted their target price on shares of Tamarack Valley Energy from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Raymond James Financial raised their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. CIBC raised their price target on shares of Tamarack Valley Energy from C$5.50 to C$6.25 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Desjardins lifted their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Thursday, July 31st.

Tamarack Valley Energy Stock Up 3.1%

TSE TVE opened at C$5.91 on Wednesday. The business has a fifty day moving average price of C$5.32 and a two-hundred day moving average price of C$4.62. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. Tamarack Valley Energy has a fifty-two week low of C$3.10 and a fifty-two week high of C$5.95. The stock has a market capitalization of C$2.94 billion, a PE ratio of 12.31 and a beta of 1.12.

Tamarack Valley Energy Announces Dividend

The company also recently disclosed a sep 25 dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.0128 dividend. Tamarack Valley Energy’s payout ratio is 31.67%.

Tamarack Valley Energy Company Profile

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.