Tamarack Valley Energy Ltd (TSE:TVE) Stock Has Average Target Price of C$13.93

Shares of Tamarack Valley Energy Ltd (TSE:TVE) have earned a consensus recommendation of “Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Eleven investment analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is C$14.19.

Several research firms recently commented on TVE. Raymond James Financial boosted their price target on Tamarack Valley Energy from C$16.00 to C$17.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 9th. Jefferies Financial Group set a C$17.00 price objective on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research report on Tuesday, August 18th. Canaccord Genuity Group lifted their price objective on shares of Tamarack Valley Energy from C$15.00 to C$16.00 and gave the company a “buy” rating in a research note on Wednesday, September 9th. Desjardins boosted their target price on shares of Tamarack Valley Energy from C$16.00 to C$16.50 and gave the stock a “buy” rating in a research report on Wednesday, September 9th. Finally, Scotiabank set a C$17.00 target price on shares of Tamarack Valley Energy and gave the company a “sector outperform” rating in a research note on Wednesday.

Tamarack Valley Energy Stock Up 0.1%

Shares of Tamarack Valley Energy stock opened at C$13.19 on Friday. The company has a fifty day moving average price of C$13.35 and a 200 day moving average price of C$12.66. The company has a current ratio of 2.30, a quick ratio of 0.80 and a debt-to-equity ratio of 18.26. Tamarack Valley Energy has a twelve month low of C$5.93 and a twelve month high of C$14.42. The stock has a market cap of C$6.25 billion, a price-to-earnings ratio of 188.43 and a beta of 0.26.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$0.43 EPS for the quarter. The company had revenue of C$493.95 million for the quarter. Tamarack Valley Energy had a return on equity of 1.34% and a net margin of 1.50%. Equities research analysts forecast that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Tamarack Valley Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 30th were issued a $0.05 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.5%. This is an increase from Tamarack Valley Energy’s previous quarterly dividend of $0.04. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 225.24%.

Insider Transactions at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Caralyn Patricia Bennett acquired 36,568 shares of the company’s stock in a transaction on Monday, September 21st. The shares were bought at an average cost of C$13.26 per share, for a total transaction of C$484,891.68. Following the acquisition, the director directly owned 169,192 shares of the company’s stock, valued at C$2,243,485.92. This trade represents a 27.57% increase in their ownership of the stock. Also, insider Kevin James Johnston bought 7,500 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was acquired at an average cost of C$13.44 per share, for a total transaction of C$100,800.00. Following the completion of the transaction, the insider owned 104,491 shares in the company, valued at C$1,404,359.04. This represents a 7.73% increase in their ownership of the stock. Over the last ninety days, insiders have bought 44,458 shares of company stock worth $590,957. Corporate insiders own 1.32% of the company’s stock.

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.