Tamarack Valley Energy Ltd (TSE:TVE - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$5.50.
TVE has been the subject of several recent research reports. Canaccord Genuity Group upped their price objective on Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. BMO Capital Markets upped their price target on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday. Raymond James upgraded shares of Tamarack Valley Energy to a "hold" rating in a report on Thursday, October 17th. Acumen Capital boosted their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada raised their price objective on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st.
Check Out Our Latest Stock Report on TVE
Tamarack Valley Energy Price Performance
Shares of TVE stock traded down C$0.07 on Monday, hitting C$4.32. 1,194,156 shares of the company's stock were exchanged, compared to its average volume of 2,427,317. Tamarack Valley Energy has a 12 month low of C$2.90 and a 12 month high of C$4.70. The company has a 50 day moving average of C$4.28 and a 200 day moving average of C$3.99. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The stock has a market cap of C$2.35 billion, a P/E ratio of 19.09 and a beta of 2.49.
Tamarack Valley Energy Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.0127 per share. This is an increase from Tamarack Valley Energy's previous monthly dividend of $0.01. The ex-dividend date is Friday, November 29th. This represents a $0.15 annualized dividend and a yield of 3.53%. Tamarack Valley Energy's dividend payout ratio is presently 65.22%.
About Tamarack Valley Energy
(
Get Free ReportTamarack 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.
Featured Articles
Before you consider Tamarack Valley Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tamarack Valley Energy wasn't on the list.
While Tamarack Valley Energy currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
