Tamarack Valley Energy Ltd (TSE:TVE) Given Average Rating of “Moderate Buy” by Brokerages

Tamarack Valley Energy Ltd (TSE:TVE) has earned an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$5.48.

Several analysts recently commented on TVE shares. Royal Bank of Canada raised their price target on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Acumen Capital boosted their price target on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “buy” rating in a report on Friday, November 1st. Canaccord Genuity Group upped their price target on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. National Bankshares reduced their price objective on Tamarack Valley Energy from C$7.00 to C$6.75 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Finally, Raymond James raised Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th.

Insider Activity

In other news, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy 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 insiders.

Tamarack Valley Energy Trading Up 0.8 %

Shares of TSE TVE opened at C$4.87 on Friday. The firm has a market capitalization of C$2.65 billion, a PE ratio of 21.17 and a beta of 2.49. Tamarack Valley Energy has a one year low of C$2.90 and a one year high of C$5.05. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 41.72. The business has a 50-day moving average price of C$4.54 and a two-hundred day moving average price of C$4.14.

Tamarack Valley Energy Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.0127 per share. The ex-dividend date is Friday, January 31st. This represents a $0.15 annualized dividend and a dividend yield of 3.13%. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 65.22%.

About Tamarack Valley Energy

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.