CIBC Capital Markets maintained the Outperform rating on Tamarack Energy, with a $7 target on the company’s stock.
Based on the Tamarack Valley Energy Ltd stock forecasts from 9 analysts, the average analyst target price for Tamarack Valley Energy Ltd is CAD 5.74 over the next 12 months. Tamarack Valley Energy Ltd’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Tamarack Valley Energy Ltd is Slightly Bullish , which is based on 5 positive signals and 4 negative signals. At the last closing, Tamarack Valley Energy Ltd’s stock price was CAD 5.03. Tamarack Valley Energy Ltd’s stock price has changed by +0.01% over the past week, -0.35% over the past month and +122.57% over the last year.
What we like:
Superior return on assets
The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Superior Revenue Growth
This stock has shown top quartile revenue growth in the previous 5 years compared to its sector.
What we don’t like:
The total returns for this company are volatile and above median for its sector over the past 5 years. Make sure you have the risk tolerance for investing in such stock.
Overpriced compared to book value
The stock is trading high compared to its peers median on a price to book value basis.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.