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

Shares of Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$5.72.

A number of analysts recently weighed in on TVE shares. BMO Capital Markets boosted their target price on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. Raymond James raised shares of Tamarack Valley Energy from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from C$4.50 to C$5.00 in a research note on Thursday, May 8th. Desjardins lowered shares of Tamarack Valley Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 3rd. Finally, CIBC reduced their target price on shares of Tamarack Valley Energy from C$6.50 to C$5.50 in a report on Thursday, April 10th.

Insider Activity at Tamarack Valley Energy

In related news, Director Robert Spitzer bought 31,985 shares of the company's stock in a transaction dated Thursday, April 3rd. The stock was purchased at an average cost of C$4.19 per share, with a total value of C$134,017.15. Also, Senior Officer Steven Buytels bought 8,065 shares of the business's stock in a transaction dated Friday, April 4th. The shares were bought at an average cost of C$3.66 per share, for a total transaction of C$29,517.90. Insiders bought 224,150 shares of company stock worth $867,309 in the last three months. 1.32% of the stock is owned by insiders.

Tamarack Valley Energy Price Performance

TSE:TVE traded down C$0.10 during midday trading on Monday, hitting C$4.70. The company had a trading volume of 1,641,641 shares, compared to its average volume of 2,095,430. The company has a market capitalization of C$2.48 billion, a PE ratio of 12.03 and a beta of 2.49. 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 52-week low of C$3.10 and a 52-week high of C$5.05. The stock's fifty day moving average price is C$4.03 and its 200-day moving average price is C$4.31.

Tamarack Valley Energy Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, May 15th. Investors of record on Thursday, May 15th were paid a $0.0127 dividend. This represents a $0.15 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Wednesday, April 30th. Tamarack Valley Energy's payout ratio 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.