Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) traded up 2.3% during mid-day trading on Wednesday . The company traded as high as C$6.36 and last traded at C$6.34. 1,303,590 shares were traded during mid-day trading, a decline of 36% from the average session volume of 2,022,541 shares. The stock had previously closed at C$6.20.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Raymond James Financial upped their target price on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the company an "outperform" rating in a research report on Thursday, July 31st. National Bankshares boosted their target price on Tamarack Valley Energy from C$7.25 to C$7.50 and gave the company an "outperform" rating in a report on Friday, September 19th. Desjardins boosted their target price on Tamarack Valley Energy from C$6.50 to C$6.75 and gave the company a "hold" rating in a report on Friday, September 19th. ATB Capital boosted their target price on Tamarack Valley Energy from C$6.00 to C$6.25 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their target price on Tamarack Valley Energy from C$6.00 to C$7.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$6.58.
Read Our Latest Research Report on TVE
Tamarack Valley Energy Stock Performance
The firm has a market capitalization of C$3.16 billion, a PE ratio of 13.21 and a beta of 1.10. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. The stock has a 50-day moving average price of C$5.63 and a 200-day moving average price of C$4.83.
Tamarack Valley Energy Dividend Announcement
The firm also recently announced a sep 25 dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.0128 per share. Tamarack Valley Energy's payout ratio is 31.67%.
About Tamarack Valley Energy
(
Get Free Report)
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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