Tamarack Valley Energy (TSE:TVE) Posts Earnings Results

Tamarack Valley Energy (TSE:TVE) announced its quarterly earnings data on Wednesday. The company reported C$0.20 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$375.55 million during the quarter. Tamarack Valley Energy had a negative net margin of 2.41% and a negative return on equity of 1.84%.

Here are the key takeaways from Tamarack Valley Energy’s conference call:

• Tamarack reported Q1 production of 71,329 BOE/d (?86% oil & liquids), with Clearwater output at 53,000 BOE/d (+19% YoY) and corporate production up ~5% year?over?year.
• The company generated CAD 128 million of free funds flow (CAD 0.26/share) on CAD 222 million of adjusted funds flow, repurchased 4.6 million shares in the quarter (74.6M total since 2024) and exited Q1 with CAD 623 million net debt (<1x trailing AFF).
• Clearwater waterflood progress is accelerating—~40,000 bpd injection in Q1 with ~24% of Clearwater oil under flood, estimated uplift >6,000 bpd to date, and a plan for 65 injectors to target ~60,000 bpd injection and >35% flood penetration by year?end to lower declines and sustaining capital.
• Management reaffirmed 2026 guidance (budgeted at US$60 WTI), has accelerated some primary drilling into Q2 to capture near?term pricing, and retains flexibility to scale H2 capital between primary growth, waterflood, buybacks and debt repayment based on market conditions.

Tamarack Valley Energy Stock Down 5.5%

Tamarack Valley Energy stock traded down C$0.70 during trading on Wednesday, reaching C$12.08. The stock had a trading volume of 2,805,484 shares, compared to its average volume of 2,275,855. Tamarack Valley Energy has a 52-week low of C$3.65 and a 52-week high of C$13.22. The business has a 50 day moving average price of C$11.11 and a 200 day moving average price of C$9.03. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 37.29. The stock has a market cap of C$5.85 billion, a PE ratio of -172.57 and a beta of 0.46.

Tamarack Valley Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.04 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.16 dividend on an annualized basis and a yield of 1.3%. Tamarack Valley Energy’s payout ratio is currently -220.24%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TVE. ATB Cormark Capital Markets lifted their price objective on shares of Tamarack Valley Energy from C$9.50 to C$11.50 and gave the company an “outperform” rating in a report on Thursday, February 26th. National Bank Financial lifted their price objective on shares of Tamarack Valley Energy from C$10.00 to C$11.50 and gave the company an “outperform” rating in a report on Thursday, February 26th. Desjardins lifted their price objective on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the company a “buy” rating in a report on Thursday, February 26th. Acumen Capital lifted their price objective on shares of Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a report on Thursday, February 26th. Finally, Royal Bank Of Canada lifted their price objective on shares of Tamarack Valley Energy from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Tamarack Valley Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$10.44.

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.