Should I buy or sell Tamarack Valley Energy stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Tamarack Valley Energy in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TVE shares. View TVE analyst ratings or view top-rated stocks .

What is Tamarack Valley Energy's stock price target for 2024?

8 Wall Street research analysts have issued twelve-month price targets for Tamarack Valley Energy's stock. Their TVE share price targets range from C$4.25 to C$6.00. On average, they expect the company's stock price to reach C$5.25 in the next year. This suggests a possible upside of 72.1% from the stock's current price. View analysts price targets for TVE or view top-rated stocks among Wall Street analysts .

How have TVE shares performed in 2023?

Tamarack Valley Energy's stock was trading at C$4.46 at the beginning of 2023. Since then, TVE stock has decreased by 31.6% and is now trading at C$3.05. View the best growth stocks for 2023 here .

When is Tamarack Valley Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, March 6th 2024. View our TVE earnings forecast .

How were Tamarack Valley Energy's earnings last quarter?

Tamarack Valley Energy Ltd (TSE:TVE) posted its earnings results on Thursday, October, 26th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by $0.11. The business had revenue of $506.37 million for the quarter. Tamarack Valley Energy had a trailing twelve-month return on equity of 4.43% and a net margin of 6.30%.

How often does Tamarack Valley Energy pay dividends? What is the dividend yield for Tamarack Valley Energy?

Tamarack Valley Energy declared a monthly dividend on Wednesday, November 15th. Stockholders of record on Thursday, November 30th will be paid a dividend of 0.013 per share on Friday, December 15th. This represents a $0.16 annualized dividend and a dividend yield of 5.11%. The ex-dividend date of this dividend is Wednesday, November 29th. Read our dividend analysis for TVE .

Is Tamarack Valley Energy a good dividend stock?

Tamarack Valley Energy (TSE:TVE) pays an annual dividend of C$0.15 per share and currently has a dividend yield of 4.89%. TVE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 115.38%. Payout ratios above 75% are not desirable because they may not be sustainable. Read our dividend analysis for TVE .

What other stocks do shareholders of Tamarack Valley Energy own?

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) .

How do I buy shares of Tamarack Valley Energy?

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 .

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

C$3.05

-0.02 (-0.65%)

(As of 12/8/2023 ET)

Compare

Today's Range: C$3.04
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C$3.16
50-Day Range: C$3.05
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C$4.30
52-Week Range: C$2.99
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C$4.88

Volume: 3.93 million shs
Average Volume: 2.57 million shs
Market Capitalization: C$1.70 billion

P/E Ratio: 23.46
Dividend Yield: 4.92%
Price Target: C$5.25

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Tamarack Valley Energy MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.88 Rating Score
Upside/Downside: 72.1% Upside
C$5.25 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: -0.11
Based on 19 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.39 out of 5 stars

4.4

Analyst's Opinion

Consensus Rating
Tamarack Valley Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$5.25, Tamarack Valley Energy has a forecasted upside of 72.1% from its current price of C$3.05.
Amount of Analyst Coverage
Tamarack Valley Energy has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for TVE.

1.7

Dividend Strength

Dividend Leadership
Tamarack Valley Energy is a leading dividend payer. It pays a dividend yield of 4.89%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Tamarack Valley Energy does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Tamarack Valley Energy is 115.38%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for TVE.

1.6

News and Social Media Coverage

News Sentiment
Tamarack Valley Energy has a news sentiment score of -0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 19 news articles for Tamarack Valley Energy this week, compared to 1 article on an average week.
Search Interest
15 people have searched for TVE on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Tamarack Valley Energy to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Tamarack Valley Energy insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.05% of the stock of Tamarack Valley Energy is held by insiders.
Percentage Held by Institutions
Only 33.81% of the stock of Tamarack Valley Energy is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Tamarack Valley Energy is 23.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Tamarack Valley Energy is 23.46, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.85.
Price to Book Value per Share Ratio
Tamarack Valley Energy has a P/B Ratio of 0.79. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Tamarack Valley Energy Stock (TSE:TVE)

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. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. Tamarack Valley Energy Ltd. was incorporated in 2002 and is headquartered in Calgary, Canada.

TVE Stock Price History

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