Analysts Set Tamarack Valley Energy Ltd (TSE:TVE) Target Price at C$5.70

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have received an average rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$5.70.

Several equities analysts have weighed in on the company. Raymond James raised Tamarack Valley Energy to a “hold” rating in a report on Thursday, October 17th. National Bankshares lowered their price objective on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Royal Bank of Canada increased their target price on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. CIBC boosted their price target on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a research report on Friday, January 17th. Finally, Canaccord Genuity Group raised their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th.

Tamarack Valley Energy Stock Up 2.3 %

Tamarack Valley Energy stock opened at C$4.54 on Tuesday. The company’s 50 day moving average is C$4.59. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72. Tamarack Valley Energy has a twelve month low of C$3.02 and a twelve month high of C$5.05. The company has a market cap of C$2.47 billion, a P/E ratio of 19.74 and a beta of 2.49.

Tamarack Valley Energy Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be issued a $0.0127 dividend. The ex-dividend date is Friday, January 31st. This represents a $0.15 annualized dividend and a dividend yield of 3.36%. Tamarack Valley Energy’s payout ratio is currently 65.22%.

Insider Buying and Selling

In related news, Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$4.42, for a total value of C$42,732.56. 1.32% of the stock is currently owned by company insiders.

Tamarack Valley Energy Company Profile

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.