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

Tamarack Valley Energy Ltd (TSE:TVE) has earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$8.92.

Several equities analysts have recently commented on the company. National Bank Financial upped their target price on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Acumen Capital boosted their price objective on Tamarack Valley Energy from C$7.25 to C$7.50 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Raymond James Financial lowered Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, December 9th. BMO Capital Markets increased their target price on shares of Tamarack Valley Energy from C$9.00 to C$11.00 in a research report on Friday, November 21st. Finally, ATB Cormark Capital Markets upped their target price on Tamarack Valley Energy from C$7.25 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th.

Tamarack Valley Energy Trading Up 3.0%

TVE opened at C$9.59 on Friday. Tamarack Valley Energy has a 12-month low of C$3.10 and a 12-month high of C$9.93. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. The stock has a market capitalization of C$4.67 billion, a PE ratio of -56.41 and a beta of 0.87. The firm’s fifty day moving average price is C$8.39 and its 200 day moving average price is C$6.93.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings results on Friday, October 31st. The company reported C($0.50) EPS for the quarter. The company had revenue of C$406.32 million for the quarter. Tamarack Valley Energy had a return on equity of 9.89% and a net margin of 13.48%. As a group, research analysts expect that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

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.