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

Tamarack Valley Energy Ltd (TSE:TVE) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$10.11.

A number of equities analysts recently weighed in on TVE shares. Raymond James Financial cut Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. ATB Cormark Capital Markets boosted their price objective on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a research report on Thursday, February 26th. National Bank Financial upped their target price on Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Canaccord Genuity Group increased their target price on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Finally, Desjardins lifted their price target on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, February 26th.

Tamarack Valley Energy Price Performance

TVE stock opened at C$11.19 on Friday. Tamarack Valley Energy has a one year low of C$3.10 and a one year high of C$12.00. The company has a debt-to-equity ratio of 37.29, a quick ratio of 0.80 and a current ratio of 0.90. The firm’s fifty day moving average is C$10.19 and its 200 day moving average is C$8.19. The firm has a market cap of C$5.42 billion, a PE ratio of -159.86 and a beta of 0.70.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 earnings per share for the quarter. Tamarack Valley Energy had a negative net margin of 2.41% and a negative return on equity of 1.84%. The business had revenue of C$304.60 million during the quarter. On average, research analysts forecast that Tamarack Valley Energy will post 0.1386527 EPS for the current year.

Tamarack Valley Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.16 dividend on an annualized basis and a yield of 1.4%. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently -220.24%.

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.