Tamarack Valley Energy (TSE:TVE) Price Target Raised to C$7.00 at Raymond James Financial

Tamarack Valley Energy (TSE:TVE) had its price target boosted by Raymond James Financial from C$6.50 to C$7.00 in a report published on Thursday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other equities analysts have also weighed in on TVE. Canaccord Genuity Group lowered shares of Tamarack Valley Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. BMO Capital Markets boosted their target price on Tamarack Valley Energy from C$8.00 to C$9.00 in a research note on Thursday. ATB Capital boosted their target price on Tamarack Valley Energy from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Thursday, July 31st. National Bankshares boosted their target price on Tamarack Valley Energy from C$7.25 to C$7.50 and gave the company an “outperform” rating in a research note on Friday, September 19th. Finally, Royal Bank Of Canada increased their target price on shares of Tamarack Valley Energy from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Tamarack Valley Energy has an average rating of “Moderate Buy” and an average target price of C$7.36.

Tamarack Valley Energy Price Performance

TVE opened at C$6.22 on Thursday. The firm has a market cap of C$3.10 billion, a P/E ratio of 12.96 and a beta of 1.10. The firm has a 50-day moving average of C$5.89 and a 200 day moving average of C$5.08. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. Tamarack Valley Energy has a fifty-two week low of C$3.10 and a fifty-two week high of C$6.45.

Tamarack Valley Energy Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, November 14th will be issued a $0.0127 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 31st. Tamarack Valley Energy’s dividend payout ratio is presently 31.67%.

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.