Tamarack Valley Energy (TVE) Stock Price, News & Analysis

Company Overview

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. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. Tamarack Valley Energy Ltd. was incorporated in 2002 and is headquartered in Calgary, Canada.

Key Stats

• Today's Range: C$4.44 to C$4.53
• 50-Day Range: C$3.57 to C$4.53
• 52-Week Range: C$2.76 to C$4.58
• Volume: 417,637 shs
• Average Volume: 2.44 million shs
• Market Capitalization: C$2.46 billion
• P/E Ratio: 19.65
• Dividend Yield: 3.32%
• Price Target: C$5.23
• Consensus Rating: Moderate Buy

Tamarack Valley Energy Stock Analysis - MarketRank™

Tamarack Valley Energy scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Tamarack Valley Energy has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Tamarack Valley Energy has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Tamarack Valley Energy is 19.26, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.26.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tamarack Valley Energy is 19.26, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.37.

Price to Book Value per Share Ratio

Tamarack Valley Energy has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for TVE.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Tamarack Valley Energy is a leading dividend payer. It pays a dividend yield of 3.54%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Tamarack Valley Energy does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tamarack Valley Energy is 65.22%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for TVE.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.19

News Sentiment

Tamarack Valley Energy has a news sentiment score of 1.19. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Tamarack Valley Energy this week, compared to 1 article on an average week.

Search Interest

4 people have searched for TVE on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

3 people have added Tamarack Valley Energy to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Tamarack Valley Energy insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$60,473.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 1.32% of the stock of Tamarack Valley Energy is held by insiders.

Percentage Held by Institutions

Only 26.03% of the stock of Tamarack Valley Energy is held by institutions.

TVE Stock Analysis - Frequently Asked Questions

How have TVE shares performed this year?

Tamarack Valley Energy's stock was trading at C$3.07 at the beginning of 2024. Since then, TVE stock has increased by 44.3% and is now trading at C$4.43.
View the best growth stocks for 2024 here.

How do I buy shares of Tamarack Valley Energy?

Shares of TVE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Tamarack Valley Energy own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tamarack Valley Energy investors own include Whitecap Resources (WCP), Cenovus Energy (CVE), ARC Resources (ARX), Crescent Point Energy (CPG), Baytex Energy (BTE), Enbridge (ENB) and MEG Energy (MEG).

Company Calendar

• Ex-Dividend for 11/15 Dividend: 10/31/2024
• Dividend Payable: 11/15/2024
• Today: 11/21/2024
• Ex-Dividend for 12/16 Dividend: 11/29/2024
• Dividend Payable: 12/16/2024
• Next Earnings (Estimated): 2/26/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Oils/Energy
• Industry: Oil & Gas E & P
• Sub-Industry: N/A
• Current Symbol: TSE:TVE
• CUSIP: N/A
• CIK: N/A
• Web: www.tamarackvalley.ca
• Phone: +1-403-2634440
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$5.23
• High Stock Price Target: C$7.00
• Low Stock Price Target: C$4.00
• Potential Upside/Downside: +18.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.90
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$0.23
• Trailing P/E Ratio: 19.26
• Forward P/E Ratio: 31.95
• P/E Growth: N/A
• Net Income: C$128.10 million
• Net Margins: 8.66%
• Pretax Margin: N/A
• Return on Equity: 5.94%
• Return on Assets: 6.55%

Debt

• Debt-to-Equity Ratio: 41.72
• Current Ratio: 0.90
• Quick Ratio: 0.80

Sales & Book Value

• Annual Sales: C$1.48 billion
• Price / Sales: 1.63
• Cash Flow: C$0.18 per share
• Price / Cash Flow: 24.80
• Book Value: C$3.96 per share
• Price / Book: 1.12

Miscellaneous

• Outstanding Shares: 544,160,000
• Free Float: N/A
• Market Cap: C$2.41 billion
• Optionable: Not Optionable
• Beta: 2.49