Brokerages Set Tamarack Valley Energy Ltd (TSE:TVE) Price Target at C$10.11
by Sarita Garza · The Markets DailyShares of Tamarack Valley Energy Ltd (TSE:TVE – Get Free Report) have earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$10.11.
Several equities research analysts have recently issued reports on the stock. ATB Cormark Capital Markets increased their target price on shares of Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. National Bank Financial increased their target price on shares of 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. Desjardins increased their target price on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Acumen Capital increased their target price on shares of Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday, February 26th. Finally, Canaccord Genuity Group increased their target price on shares of Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a “hold” rating in a research note on Thursday, February 26th.
View Our Latest Stock Analysis on TVE
Tamarack Valley Energy Price Performance
TSE:TVE opened at C$10.92 on Friday. Tamarack Valley Energy has a one year low of C$3.47 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 has a market cap of C$5.29 billion, a price-to-earnings ratio of -156.00 and a beta of 0.34. The firm’s fifty day moving average is C$10.37 and its two-hundred day moving average is C$8.37.
Tamarack Valley Energy (TSE:TVE – Get Free Report) last posted its earnings results on Wednesday, February 25th. The company reported C$0.10 earnings per share (EPS) 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 for the quarter. Research analysts expect 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 given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, March 13th. Tamarack Valley Energy’s dividend payout ratio is -220.24%.
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.