Tamarack Valley Energy (TVE) Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tamarack Valley Energy in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TVE shares.
View TVE analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued twelve-month price objectives for Tamarack Valley Energy's shares. Their TVE share price forecasts range from C$4.00 to C$7.00. On average, they predict the company's stock price to reach C$5.63 in the next year. This suggests a possible upside of 46.1% from the stock's current price.
View analysts price targets for TVE or view top-rated stocks among Wall Street analysts.

Tamarack Valley Energy's stock was trading at C$4.46 at the beginning of 2023. Since then, TVE shares have decreased by 13.7% and is now trading at C$3.85.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our TVE earnings forecast.

Tamarack Valley Energy Ltd (TSE:TVE) announced its quarterly earnings results on Thursday, July, 27th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. The business had revenue of $321.18 million for the quarter. Tamarack Valley Energy had a net margin of 16.44% and a trailing twelve-month return on equity of 10.95%.

Tamarack Valley Energy declared a monthly dividend on Wednesday, September 20th. Investors of record on Friday, September 29th will be given a dividend of 0.013 per share on Friday, October 13th. This represents a $0.16 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Thursday, September 28th.
Read our dividend analysis for TVE.

Tamarack Valley Energy (TSE:TVE) pays an annual dividend of C$0.15 per share and currently has a dividend yield of 3.82%. The dividend payout ratio is 37.50%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for TVE.

Based on aggregate information from My MarketBeat watchlists, some companies that other Tamarack Valley Energy investors own include MEG Energy (MEG), Baytex Energy (BTE), Whitecap Resources (WCP), NuVista Energy (NVA), Crescent Point Energy (CPG), Cenovus Energy (CVE), TORC Oil & Gas Ltd. (TOG.TO) (TOG), Aurora Cannabis (ACB), Birchcliff Energy (BIR) and Kelt Exploration (KEL).

Tamarack Valley Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "TVE."

Shares of TVE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

One share of TVE stock can currently be purchased for approximately C$3.85.

Tamarack Valley Energy (TSE:TVE) has a market capitalization of C$2.14 billion and generates C$1.24 billion in revenue each year. The company earns C$203.47 million in net income (profit) each year or C$0.40 on an earnings per share basis.

Tamarack Valley Energy's mailing address is 425 1 St SW Suite 600, CALGARY, AB T2P 3L8, Canada. The official website for the company is www.tamarackvalley.ca. The company can be reached via phone at +1-403-2634440.