Tamarack Valley Energy (TSE:TVE) Given New C$6.00 Price Target at ATB Capital

by · The Cerbat Gem

Tamarack Valley Energy (TSE:TVE – Free Report) had its target price cut by ATB Capital from C$7.00 to C$6.00 in a report published on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities analysts also recently weighed in on TVE. Stifel Nicolaus dropped their target price on shares of Tamarack Valley Energy from C$6.25 to C$5.00 and set a buy rating for the company in a research note on Thursday. CIBC dropped their target price on shares of Tamarack Valley Energy from C$5.75 to C$5.25 in a research note on Thursday. Royal Bank of Canada dropped their target price on shares of Tamarack Valley Energy from C$5.50 to C$4.50 and set an outperform rating for the company in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Tamarack Valley Energy from C$4.00 to C$4.50 in a research note on Monday, October 16th. Finally, Canaccord Genuity Group dropped their target price on shares of Tamarack Valley Energy from C$5.75 to C$5.00 and set a buy rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of C$5.25.

View Our Latest Report on TVE

Tamarack Valley Energy Price Performance

TSE:TVE opened at C$3.05 on Thursday. The firm has a market cap of C$1.70 billion, a PE ratio of 23.46 and a beta of 2.38. Tamarack Valley Energy has a 12 month low of C$2.99 and a 12 month high of C$4.88. The company has a quick ratio of 0.80, a current ratio of 0.87 and a debt-to-equity ratio of 59.64. The company’s 50-day moving average price is C$3.78 and its two-hundred day moving average price is C$3.64.

Tamarack Valley Energy (TSE:TVE – Get Free Report) last announced its earnings results on Thursday, October 26th. The company reported C$0.02 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.11). Tamarack Valley Energy had a return on equity of 4.43% and a net margin of 6.30%. The company had revenue of C$506.37 million during the quarter. On average, equities analysts anticipate that Tamarack Valley Energy will post 0.2750896 EPS for the current fiscal year.

Tamarack Valley Energy Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a dividend of $0.013 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Wednesday, November 29th. Tamarack Valley Energy’s dividend payout ratio (DPR) is 115.38%.

Tamarack Valley Energy Company Profile

(Get Free Report)

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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