Tamarack Valley Energy Ltd (TSE:TVE – Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as C$13.21 and last traded at C$13.19, with a volume of 836204 shares trading hands. The stock had previously closed at C$12.79.
Analysts Set New Price Targets
TVE has been the subject of a number of recent research reports. National Bank Financial boosted their target price on shares of Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Royal Bank Of Canada raised their price objective on Tamarack Valley Energy from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Canaccord Genuity Group upped their target price on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the company a “hold” rating in a research report on Thursday, February 26th. Acumen Capital increased their price target on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a research note on Thursday, February 26th. Finally, Desjardins raised their price target on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$10.44.
View Our Latest Stock Analysis on Tamarack Valley Energy
Tamarack Valley Energy Stock Performance
Tamarack Valley Energy (TSE:TVE – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. The business had revenue of C$375.55 million during the quarter. Tamarack Valley Energy had a negative return on equity of 5.03% and a negative net margin of 6.60%. On average, research analysts predict that Tamarack Valley Energy Ltd will post 0.1386527 EPS for the current year.
Tamarack Valley Energy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.16 dividend on an annualized basis and a yield of 1.2%. Tamarack Valley Energy’s payout ratio is presently -86.62%.
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.
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