Tamarack Valley Energy Ltd (TSE:TVE) Receives C$5.70 Consensus Target Price from Brokerages

Shares of Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) have been given an average rating of "Moderate Buy" by the ten brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$5.70.

A number of equities research analysts have issued reports on the company. Raymond James upgraded Tamarack Valley Energy to a "hold" rating in a research note on Thursday, October 17th. BMO Capital Markets lifted their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday, December 13th. Acumen Capital upped their target price on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. National Bankshares cut their price target on Tamarack Valley Energy from C$7.00 to C$6.75 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Finally, CIBC increased their price objective on Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th.

Insider Activity at Tamarack Valley Energy

In related news, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy stock in a transaction on Friday, December 13th. The stock was sold at an average price of C$4.42, for a total value of C$42,732.56. Company insiders own 1.32% of the company's stock.

Tamarack Valley Energy Stock Performance

Shares of TSE TVE traded up C$0.06 during mid-day trading on Tuesday, hitting C$4.44. The company had a trading volume of 1,177,748 shares, compared to its average volume of 1,999,753. The stock has a market cap of C$2.42 billion, a price-to-earnings ratio of 19.30 and a beta of 2.49. The firm's 50 day simple moving average is C$4.59 and its two-hundred day simple moving average is C$4.23. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. Tamarack Valley Energy has a 12 month low of C$3.02 and a 12 month high of C$5.05.

Tamarack Valley Energy Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, February 14th will be paid a $0.0127 dividend. This represents a $0.15 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Friday, January 31st. Tamarack Valley Energy's dividend payout ratio 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.