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

Tamarack Valley Energy Ltd (TSE:TVE) has earned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$5.48.

A number of research analysts recently commented on the stock. Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. Acumen Capital upped their target price on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “buy” rating in a research note on Friday, November 1st. CIBC increased their price objective on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Friday, November 1st. Canaccord Genuity Group increased their target price on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a research report on Thursday, December 5th. Finally, BMO Capital Markets increased their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a report on Friday, December 13th.

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 stock was sold at an average price of C$4.42, for a total transaction of C$42,732.56. 1.32% of the stock is currently owned by corporate insiders.

Tamarack Valley Energy Stock Down 4.7 %

TVE stock opened at C$4.68 on Friday. Tamarack Valley Energy has a 52-week low of C$2.90 and a 52-week high of C$5.05. The company’s 50 day simple moving average is C$4.55 and its 200-day simple moving average is C$4.15. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a market capitalization of C$2.55 billion, a P/E ratio of 20.35 and a beta of 2.49.

Tamarack Valley Energy Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.0127 per share. This represents a $0.15 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, January 31st. Tamarack Valley Energy’s payout ratio is 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.