Brokerages Set Tamarack Valley Energy Ltd (TSE:TVE) Target Price at C$5.72

Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$5.72.

Several research analysts have commented on the company. CIBC reduced their price objective on Tamarack Valley Energy from C$6.50 to C$5.50 in a report on Thursday, April 10th. Desjardins downgraded Tamarack Valley Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 3rd. Raymond James upgraded Tamarack Valley Energy from a "market perform" rating to an "outperform" rating and upped their target price for the stock from C$4.50 to C$5.00 in a report on Thursday, May 8th. Finally, BMO Capital Markets increased their target price on Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th.

Insider Buying and Selling at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Steven Buytels acquired 8,065 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of C$3.66 per share, for a total transaction of C$29,517.90. Also, Director Robert Spitzer acquired 31,985 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were acquired at an average price of C$4.19 per share, with a total value of C$134,017.15. In the last 90 days, insiders have purchased 224,150 shares of company stock valued at $867,309. 1.32% of the stock is currently owned by corporate insiders.

Tamarack Valley Energy Trading Up 3.2%

TVE traded up C$0.15 during trading on Monday, hitting C$4.80. 2,535,364 shares of the stock were exchanged, compared to its average volume of 2,099,482. The firm has a 50 day simple moving average of C$4.01 and a 200 day simple moving average of C$4.30. The firm has a market cap of C$2.53 billion, a price-to-earnings ratio of 12.29 and a beta of 2.49. Tamarack Valley Energy has a 1 year low of C$3.10 and a 1 year high of C$5.05. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73.

Tamarack Valley Energy Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were given a dividend of $0.0127 per share. The ex-dividend date was Wednesday, April 30th. This represents a $0.15 annualized dividend and a yield of 3.18%. Tamarack Valley Energy's dividend payout ratio (DPR) is presently 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.