Tamarack Valley Energy (TSE:TVE - Free Report) had its target price increased by BMO Capital Markets from C$6.00 to C$6.50 in a research report report published on Thursday morning,BayStreet.CA reports.
Other equities research analysts also recently issued research reports about the stock. Acumen Capital increased 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 report on Friday, November 1st. National Bankshares lowered their price objective on shares of Tamarack Valley Energy from C$7.00 to C$6.75 and set an "outperform" rating for the company in a research report on Thursday, December 19th. Raymond James raised shares of Tamarack Valley Energy to a "hold" rating in a research report on Thursday, October 17th. CIBC increased their target price on shares of Tamarack Valley Energy from C$5.75 to C$6.50 in a report on Friday, January 17th. Finally, Canaccord Genuity Group increased their target price on shares of Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of C$5.75.
Read Our Latest Analysis on Tamarack Valley Energy
Tamarack Valley Energy Trading Down 1.5 %
TSE:TVE traded down C$0.07 during trading hours on Thursday, hitting C$4.45. The stock had a trading volume of 1,912,691 shares, compared to its average volume of 1,999,731. Tamarack Valley Energy has a one year low of C$3.07 and a one year high of C$5.05. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The company has a market cap of C$2.35 billion, a price-to-earnings ratio of 11.39 and a beta of 2.49. The business's 50 day moving average is C$4.59 and its 200-day moving average is C$4.25.
Tamarack Valley Energy Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, March 14th will be paid a $0.0127 dividend. This represents a $0.15 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Friday, February 28th. Tamarack Valley Energy's dividend payout ratio is currently 38.41%.
Insider Buying and Selling at Tamarack Valley Energy
In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$4.42, for a total value of C$42,732.56. Corporate insiders own 1.32% of the company's stock.
About Tamarack Valley Energy
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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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