Tamarack Valley Energy - TVE Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tamarack Valley Energy in the last twelve months. There are currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TVE shares.
View TVE analyst ratings or view top-rated stocks.

8 analysts have issued 12-month price objectives for Tamarack Valley Energy's shares. Their TVE share price forecasts range from C$5.00 to C$11.00. On average, they expect the company's share price to reach C$7.28 in the next twelve months. This suggests a possible upside of 85.2% 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 on January 1st, 2023. Since then, TVE shares have decreased by 11.9% and is now trading at C$3.93.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our TVE earnings forecast.

Tamarack Valley Energy Ltd (TSE:TVE) posted its quarterly earnings results on Wednesday, March, 1st. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by $0.08. The company had revenue of $423.76 million for the quarter. Tamarack Valley Energy had a trailing twelve-month return on equity of 20.16% and a net margin of 29.28%.

Tamarack Valley Energy announced a monthly dividend on Tuesday, March 21st. Investors of record on Friday, March 31st will be paid a dividend of 0.013 per share on Friday, April 14th. This represents a $0.16 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, March 30th.
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 3.90%. The dividend payout ratio is 19.48%. 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$3.93.

Tamarack Valley Energy (TSE:TVE) has a market capitalization of C$2.19 billion and generates C$1.18 billion in revenue each year. The company earns C$345.20 million in net income (profit) each year or C$0.77 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.