TAMARACK VALLEY ENERGY LTD.

(TVE)
  Report
Delayed Toronto Stock Exchange  -  05/16 04:00:00 pm EDT
4.790 CAD   +5.04%
05/13TAMARACK VALLEY ENERGY LTD. : Good timing to go long again
05/11Tamarack Valley Energy Ltd. Reports Voting Results of Annual General Meeting of Shareholders
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05/11TRANSCRIPT : Tamarack Valley Energy Ltd. - Shareholder/Analyst Call
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Tamarack Valley Energy Ltd. : Good timing to go long again

05/13/2022 | 02:12am EDT
long trade
Live
Entry price : 4.46CAD | Target : 5.3CAD | Stop-loss : 3.6CAD | Potential : 18.83%
The support at 4.27 CAD, which is currently being tested, should allow Tamarack Valley Energy Ltd. shares to move back to the upside.
Investors have an opportunity to buy the stock and target the CAD 5.3.
Tamarack Valley Energy Ltd. : Tamarack Valley Energy Ltd. : Good timing to go long again
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths
  • Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.
  • The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
  • The company is in a robust financial situation considering its net cash and margin position.
  • Its low valuation, with P/E ratio at 8.04 and 7.14 for the ongoing fiscal year and 2023 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • Given the positive cash flows generated by its business, the company's valuation level is an asset.
  • Over the past year, analysts have regularly revised upwards their sales forecast for the company.
  • Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
  • Analysts covering this company mostly recommend stock overweighting or purchase.
  • The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
  • The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
  • Analyst opinion has improved significantly over the past four months.

Weaknesses
  • The potential for earnings per share (EPS) growth in the coming years appears limited according to current analyst estimates.
  • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
  • The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
Ratings chart
Subsector Other Oil & Gas Exploration and Production
1st jan.Capitalization (M$)Investor Rating
TAMARACK VALLEY ENERGY LTD.18.44%1 529
CONOCOPHILLIPS42.57%130 598
EOG RESOURCES, INC.39.91%72 792
CANADIAN NATURAL RESOURCES ..47.09%70 179
CNOOC LIMITED32.75%64 160
PIONEER NATURAL RESOURCES C..43.99%63 367
OCCIDENTAL PETROLEUM CORPOR..121.04%60 055
DEVON ENERGY CORPORATION55.96%45 371
HESS CORPORATION54.36%35 383
ECOPETROL S.A.15.32%31 054
OIL AND NATURAL GAS CORPORA..7.83%24 939
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Financials
Sales 2022 1 425 M 1 104 M 1 104 M
Net income 2022 - - -
Net Debt 2022 231 M 179 M 179 M
P/E ratio 2022 8,14x
Yield 2022 2,34%
Capitalization 1 978 M 1 532 M 1 532 M
EV / Sales 2022 1,55x
EV / Sales 2023 1,46x
Nbr of Employees 75
Free-Float 98,6%
Upcoming event on TAMARACK VALLEY ENERGY LTD.
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 4,56 CAD
Average target price 8,12 CAD
Spread / Average Target 78,1%
EPS Revisions
Managers and Directors
Brian L. Schmidt President, Chief Executive Officer & Director
June-Marie Innes Director-Finance & Sustainability
Steve Buytels Chief Financial Officer & Vice President-Finance
John Ross Rooney Chairman
Derek Blizzard Controller, Director-Accounting & IT