Tamarack Valley Energy (TSE:TVE) PT Lowered to C$7.50

Tamarack Valley Energy (TSE:TVEGet Rating) had its price objective decreased by Acumen Capital from C$7.75 to C$7.50 in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. Acumen Capital currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on TVE. Royal Bank of Canada lowered their price objective on Tamarack Valley Energy from C$8.00 to C$7.50 and set an outperform rating for the company in a research note on Friday, July 29th. Stifel Nicolaus decreased their target price on Tamarack Valley Energy from C$7.25 to C$6.75 in a research report on Tuesday, August 2nd. Cormark decreased their target price on Tamarack Valley Energy from C$8.50 to C$7.00 and set a buy rating for the company in a research report on Tuesday. National Bankshares decreased their target price on Tamarack Valley Energy from C$8.50 to C$8.00 and set an outperform rating for the company in a research report on Monday, July 18th. Finally, CIBC decreased their target price on Tamarack Valley Energy from C$8.00 to C$6.50 in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and an average price target of C$6.73.

Tamarack Valley Energy Price Performance

Shares of TSE TVE opened at C$3.91 on Tuesday. Tamarack Valley Energy has a fifty-two week low of C$2.69 and a fifty-two week high of C$6.48. The business has a 50 day moving average price of C$4.08 and a two-hundred day moving average price of C$4.73. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 34.20. The firm has a market cap of C$1.72 billion and a PE ratio of 5.43.

Tamarack Valley Energy Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.12 annualized dividend and a yield of 3.07%. This is an increase from Tamarack Valley Energy’s previous monthly dividend of $0.01. Tamarack Valley Energy’s payout ratio is presently 7.15%.

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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Analyst Recommendations for Tamarack Valley Energy (TSE:TVE)

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