Tamarack Valley Energy Ltd (TSE:TVE) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Tamarack Valley Energy Ltd has received an average rating of "Moderate Buy" from brokerages, with six firms recommending a buy and one a hold.
• The average twelve-month target price for the company's stock is C$6.58, reflecting an upward trend in analyst price objectives.
• The company recently declared a dividend of $0.0128 per share, scheduled for payment on October 15th, with a payout ratio of 31.67%.

Shares of Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$6.58.

TVE has been the topic of several research analyst reports. Royal Bank Of Canada lifted their price objective on Tamarack Valley Energy from C$6.00 to C$7.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Desjardins lifted their price objective on Tamarack Valley Energy from C$6.50 to C$6.75 and gave the stock a "hold" rating in a report on Friday, September 19th. Raymond James Financial lifted their price objective on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an "outperform" rating in a report on Thursday, July 31st. National Bankshares lifted their price objective on Tamarack Valley Energy from C$7.25 to C$7.50 and gave the stock an "outperform" rating in a report on Friday, September 19th. Finally, ATB Capital lifted their price objective on Tamarack Valley Energy from C$6.00 to C$6.25 and gave the stock an "outperform" rating in a report on Thursday, July 31st.

Tamarack Valley Energy Price Performance

Shares of Tamarack Valley Energy stock opened at C$5.96 on Friday. 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$3.10 and a twelve month high of C$6.44. The business has a 50-day moving average price of C$5.66 and a 200 day moving average price of C$4.86. The firm has a market cap of C$2.97 billion, a PE ratio of 12.42 and a beta of 1.10.

Tamarack Valley Energy Dividend Announcement

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

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.

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