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

Key Points

• Analyst consensus: Eight analysts give Tamarack Valley an average rating of "Moderate Buy" (six buys, two holds) with a mean 12‑month target of C$10.11, and several brokers recently raised targets up to C$11.50.
• Recent results and metrics: The company has a market cap of C$5.09B and opened at C$10.51; it reported quarterly EPS of C$0.10 on C$304.6M revenue but shows a negative net margin (−2.41%) and negative return on equity.
• Dividend update: Tamarack Valley declared a quarterly dividend of C$0.04 (annualized C$0.16, yield ~1.5%) with an ex‑dividend date of March 13, though the dividend payout ratio is currently deeply negative (−220%).

Shares of Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$10.11.

A number of equities analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a "hold" rating in a research report on Thursday, February 26th. National Bank Financial raised their target price on 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. Canadian Imperial Bank of Commerce boosted their price target on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an "outperform" rating in a research report on Thursday, December 4th. BMO Capital Markets upped their price objective on shares of Tamarack Valley Energy from C$9.00 to C$11.00 in a report on Friday, November 21st. Finally, Raymond James Financial downgraded shares of Tamarack Valley Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, December 9th.

Tamarack Valley Energy Stock Performance

TSE:TVE opened at C$10.51 on Wednesday. The company has a market cap of C$5.09 billion, a P/E ratio of -150.14 and a beta of 0.70. Tamarack Valley Energy has a twelve month low of C$3.10 and a twelve month high of C$10.88. The company's 50-day moving average price is C$9.12 and its 200-day moving average price is C$7.50. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 37.29.

Tamarack Valley Energy (TSE:TVE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 earnings per share (EPS) for the quarter. The company had revenue of C$304.60 million during the quarter. Tamarack Valley Energy had a negative net margin of 2.41% and a negative return on equity of 1.84%. On average, sell-side analysts forecast that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Tamarack Valley Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.04 per share. The ex-dividend date is Friday, March 13th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.5%. Tamarack Valley Energy's dividend payout ratio (DPR) is currently -220.24%.

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.

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