Tamarack Valley Energy Ltd (TSE:TVE) Receives C$5.91 Consensus Price Target from Analysts

Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$5.91.

A number of analysts have commented on TVE shares. Desjardins cut Tamarack Valley Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 3rd. Raymond James Financial increased their target price on Tamarack Valley Energy from C$5.00 to C$5.50 in a research report on Thursday, June 26th. Royal Bank Of Canada increased their price target on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company an "outperform" rating in a research note on Monday, June 30th. Finally, CIBC dropped their price target on Tamarack Valley Energy from C$6.50 to C$5.50 in a research note on Thursday, April 10th.

Tamarack Valley Energy Stock Performance

Tamarack Valley Energy stock traded up C$0.02 during mid-day trading on Friday, reaching C$4.90. 1,212,117 shares of the stock traded hands, compared to its average volume of 2,135,536. The stock has a market capitalization of C$2.59 billion, a PE ratio of 12.55 and a beta of 2.49. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. Tamarack Valley Energy has a 12-month low of C$3.10 and a 12-month high of C$5.12. The business's 50-day moving average is C$4.46 and its 200-day moving average is C$4.36.

Tamarack Valley Energy Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 15th were issued a dividend of $0.0127 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $0.15 annualized dividend and a yield of 3.11%. Tamarack Valley Energy's payout ratio is currently 38.41%.

Insiders Place Their Bets

In related news, Director Rene Amirault purchased 85,500 shares of the business's stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of C$4.12 per share, for a total transaction of C$352,260.00. Also, Senior Officer Kevin James Johnston bought 15,000 shares of the company's stock in a transaction that occurred on Wednesday, April 9th. The shares were acquired at an average price of C$3.29 per share, for a total transaction of C$49,350.00. Insiders bought a total of 184,100 shares of company stock worth $703,774 over the last quarter. Company insiders own 1.32% of the company's stock.

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.