Tamarack Valley Energy Ltd (TSE:TVE) Receives C$6.58 Consensus PT from Brokerages

Tamarack Valley Energy Ltd (TSE:TVE) has been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$6.58.

TVE has been the topic of several recent research reports. Royal Bank Of Canada increased their target price on 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. Raymond James Financial increased their target price on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. National Bankshares increased their target price on Tamarack Valley Energy from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Desjardins increased their target price on Tamarack Valley Energy from C$6.50 to C$6.75 and gave the stock a “hold” rating in a research report on Friday, September 19th. Finally, CIBC increased their target price on Tamarack Valley Energy from C$6.25 to C$7.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th.

Tamarack Valley Energy Trading Down 1.7%

TSE:TVE opened at C$5.94 on Friday. The company has a market cap of C$2.96 billion, a P/E ratio of 12.38 and a beta of 1.10. The stock’s fifty day moving average price is C$5.71 and its two-hundred day moving average price is C$4.90. Tamarack Valley Energy has a 1 year low of C$3.10 and a 1 year high of C$6.44. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80.

Tamarack Valley Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, November 14th will be given a $0.0127 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, October 31st. Tamarack Valley Energy’s dividend payout ratio (DPR) is 31.67%.

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.