Analysts Set Tamarack Valley Energy Ltd (TSE:TVE) Price Target at C$5.78

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$5.78.

Several research firms have issued reports on TVE. Canaccord Genuity Group lifted their price target on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. BMO Capital Markets increased their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research note on Thursday, February 13th. CIBC increased their target price on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Finally, National Bankshares reduced their price objective on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a report on Thursday, December 19th.

Insiders Place Their Bets

In other news, Senior Officer Brian Leslie Schmidt purchased 84,734 shares of the stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of C$4.55 per share, for a total transaction of C$385,539.70. Also, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$4.42, for a total transaction of C$42,732.56. 1.32% of the stock is currently owned by company insiders.

Tamarack Valley Energy Trading Up 0.5 %

Shares of Tamarack Valley Energy stock opened at C$3.93 on Friday. The firm has a market cap of C$2.08 billion, a price-to-earnings ratio of 10.06 and a beta of 2.49. The business has a 50-day moving average price of C$4.57 and a 200-day moving average price of C$4.30. The company has a quick ratio of 0.80, a current ratio of 0.73 and a debt-to-equity ratio of 34.61. Tamarack Valley Energy has a twelve month low of C$3.43 and a twelve month high of C$5.05.

Tamarack Valley Energy Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, March 14th will be paid a $0.0127 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Friday, February 28th. Tamarack Valley Energy’s dividend payout ratio (DPR) is 38.41%.

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.