Tamarack Valley Energy (TSE:TVE) Price Target Cut to C$6.75 by Analysts at National Bankshares

Tamarack Valley Energy (TSE:TVE) had its price target decreased by National Bankshares from C$7.25 to C$6.75 in a research report released on Friday, BayStreet.CA reports.

Several other equities analysts have also issued reports on the stock. Desjardins set a C$5.00 price target on shares of Tamarack Valley Energy and gave the company a buy rating in a report on Tuesday, June 25th. CIBC lifted their price objective on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of C$5.03.

Tamarack Valley Energy Stock Up 1.6 %

Shares of TSE:TVE opened at C$3.86 on Friday. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.80 and a current ratio of 0.90. The company has a market capitalization of C$2.10 billion, a PE ratio of 16.78 and a beta of 2.50. Tamarack Valley Energy has a 52 week low of C$2.76 and a 52 week high of C$4.34. The company’s fifty day moving average is C$3.91 and its 200-day moving average is C$3.81.

Tamarack Valley Energy (TSE:TVE) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$0.17 earnings per share for the quarter. The business had revenue of C$382.98 million during the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%.

Tamarack Valley Energy Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.013 dividend. This represents a $0.16 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend is Friday, September 27th. Tamarack Valley Energy’s dividend payout ratio (DPR) is presently 65.22%.

Insider Activity at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Christine Ezinga acquired 13,000 shares of the stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of C$3.99 per share, for a total transaction of C$51,870.00. In other news, Senior Officer Christine Ezinga acquired 13,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were acquired at an average cost of C$3.99 per share, for a total transaction of C$51,870.00. Also, Senior Officer Brian Leslie Schmidt bought 30,000 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were bought at an average price of C$3.86 per share, for a total transaction of C$115,800.00. Insiders have purchased 58,173 shares of company stock worth $223,745 in the last quarter. Company insiders own 1.32% 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.