Tamarack Valley Energy (TSE:TVE) PT Set at C$5.00 by Desjardins

Desjardins set a C$5.00 target price on Tamarack Valley Energy (TSE:TVE) in a report released on Tuesday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently issued reports on TVE. BMO Capital Markets set a C$4.00 price target on Tamarack Valley Energy and gave the company a market perform rating in a report on Thursday, March 21st. ATB Capital reduced their target price on Tamarack Valley Energy from C$6.00 to C$5.50 and set an outperform rating on the stock in a report on Thursday, February 29th. Royal Bank of Canada raised their target price on Tamarack Valley Energy from C$4.00 to C$4.25 and gave the stock an outperform rating in a report on Thursday, February 29th. CIBC raised their target price on Tamarack Valley Energy from C$4.50 to C$5.25 and gave the stock an outperform rating in a report on Monday, April 22nd. Finally, Stifel Nicolaus raised their target price on Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Tamarack Valley Energy currently has a consensus rating of Moderate Buy and an average target price of C$4.98.

Tamarack Valley Energy Stock Performance

Shares of TSE:TVE opened at C$3.73 on Tuesday. Tamarack Valley Energy has a twelve month low of C$2.76 and a twelve month high of C$4.34. The firm has a market cap of C$2.06 billion, a PE ratio of 33.91 and a beta of 2.59. The company has a debt-to-equity ratio of 45.81, a quick ratio of 0.80 and a current ratio of 0.67. The business has a fifty day moving average of C$3.68 and a 200-day moving average of C$3.48.

Tamarack Valley Energy (TSE:TVE) last announced its earnings results on Wednesday, May 8th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.10). Tamarack Valley Energy had a net margin of 4.16% and a return on equity of 2.78%. The business had revenue of C$393.34 million during the quarter. On average, equities research analysts predict that Tamarack Valley Energy will post 0.1714964 EPS for the current fiscal year.

Tamarack Valley Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.013 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.18%. Tamarack Valley Energy’s dividend payout ratio (DPR) is currently 136.36%.

Insiders Place Their Bets

In other news, Senior Officer Scott Shimek bought 36,667 shares of the stock in a transaction on Thursday, June 20th. The stock was acquired at an average price of C$3.54 per share, with a total value of C$129,845.18. In other Tamarack Valley Energy news, Senior Officer Christine Ezinga bought 15,570 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average price of C$3.58 per share, for a total transaction of C$55,740.60. Also, Senior Officer Scott Shimek bought 36,667 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were acquired at an average price of C$3.54 per share, for a total transaction of C$129,845.18. Insiders bought a total of 122,060 shares of company stock valued at $445,850 in the last 90 days. Corporate insiders own 1.21% of the company’s stock.

Tamarack Valley Energy Company Profile

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.