Tamarack Valley Energy Ltd (TSE:TVE) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$5.69.

TVE has been the topic of several recent research reports. CIBC lowered their price objective on shares of Tamarack Valley Energy from C$6.50 to C$5.50 in a research note on Thursday, April 10th. BMO Capital Markets lifted their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a research report on Thursday, February 13th. Finally, Desjardins downgraded Tamarack Valley Energy from a "buy" rating to a "hold" rating and cut their price objective for the company from C$6.00 to C$5.25 in a research report on Wednesday, March 19th.

Tamarack Valley Energy Price Performance

TVE stock traded up C$0.07 during trading hours on Friday, hitting C$3.79. 293,327 shares of the stock traded hands, compared to its average volume of 2,169,593. The company has a current ratio of 0.73, a quick ratio of 0.80 and a debt-to-equity ratio of 34.61. The stock has a 50-day simple moving average of C$4.08 and a 200 day simple moving average of C$4.31. Tamarack Valley Energy has a one year low of C$3.10 and a one year high of C$5.05. The company has a market cap of C$2.00 billion, a P/E ratio of 9.70 and a beta of 2.49.

Tamarack Valley Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 15th will be paid a $0.0127 dividend. This represents a $0.15 annualized dividend and a yield of 4.02%. The ex-dividend date is Wednesday, April 30th. Tamarack Valley Energy's dividend payout ratio is currently 38.41%.

Insider Buying and Selling at Tamarack Valley Energy

In other news, Director Robert Spitzer bought 31,985 shares of the company's stock in a transaction on Thursday, April 3rd. The shares were bought at an average cost of C$4.19 per share, with a total value of C$134,017.15. Also, Senior Officer Brian Leslie Schmidt purchased 84,734 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of C$4.55 per share, with a total value of C$385,539.70. Insiders have acquired a total of 223,384 shares of company stock valued at $900,589 in the last 90 days. 1.32% of the stock is currently owned by corporate insiders.

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.