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TSE:TVE

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

C$3.83
-0.08 (-2.05%)
(As of 09/21/2023 ET)
Compare
Today's Range
C$3.81
C$3.95
50-Day Range
C$3.34
C$4.07
52-Week Range
C$2.99
C$5.60
Volume
1.69 million shs
Average Volume
2.46 million shs
Market Capitalization
C$2.13 billion
P/E Ratio
9.58
Dividend Yield
3.92%
Price Target
C$5.63

Tamarack Valley Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
46.9% Upside
C$5.63 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.92mentions of Tamarack Valley Energy in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
C$343,445 Bought Last Quarter
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.

2.68 out of 5 stars


TVE stock logo

About Tamarack Valley Energy (TSE:TVE) Stock

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 Price History

TVE Stock News Headlines

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TNEYF - Tamarack Valley Energy Ltd.
Buying off the lows at Tamarack Valley Energy
See More Headlines
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TVE Company Calendar

Last Earnings
7/27/2023
Ex-Dividend for 9/15 Dividend
8/30/2023
Dividend Payable
9/15/2023
Today
9/21/2023
Ex-Dividend for 10/13 Dividend
9/28/2023
Dividend Payable
10/13/2023
Next Earnings (Estimated)
10/26/2023

Industry, Sector and Symbol

Industry
Oil & Gas E & P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$5.63
High Stock Price Forecast
C$7.00
Low Stock Price Forecast
C$4.00
Forecasted Upside/Downside
+46.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

Net Income
C$203.47 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.24 billion
Cash Flow
C$0.16 per share
Book Value
C$3.87 per share

Miscellaneous

Free Float
N/A
Market Cap
C$2.14 billion
Optionable
Not Optionable
Beta
2.69
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Key Executives

  • Mr. Brian Leslie Schmidt (Age 60)
    Pres, CEO & Director
  • Mr. Ron S. Hozjan
    VP of Fin. & CFO
  • Mr. Kevin Screen
    VP of Production & Operations
  • Mr. Scott Reimond
    VP of Exploration
  • Mr. Ken Cruikshank
    VP of Land













TVE Stock - Frequently Asked Questions

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

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.

What is Tamarack Valley Energy's stock price forecast for 2023?

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.

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 shares have decreased by 13.7% and is now trading at C$3.85.
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 Thursday, October 26th 2023.
View our TVE earnings forecast
.

How were Tamarack Valley Energy's earnings last quarter?

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%.

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, 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
.

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 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.

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).

What is Tamarack Valley Energy's stock symbol?

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

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.

What is Tamarack Valley Energy's stock price today?

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

How much money does Tamarack Valley Energy make?

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.

How can I contact Tamarack Valley Energy?

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.

This page (TSE:TVE) was last updated on 9/21/2023 by MarketBeat.com Staff

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