TVE Stock Analysis: Tamarack Valley Energy | TO

Crude Oil, Pipeline Gas, Gas Liquids

Total Rating 61

Safety 27

Buy Signal 0.21

Oil & Gas E&P
Industry Rotation: -3.4

Market Cap: 4.80B
Avg Turnover: 38.4M

Risk 3d forecast

Volatility48.4%

VaR 5^th Pctl9.18%

VaR vs Median15.2%

Reward TTM

Sharpe Ratio2.01

Rel. Str. IBD89.9

Rel. Str. Peer Group76.4 pctl

Character TTM

Beta0.374

Beta Downside0.317

Hurst Exponent0.439

Choppyness59.0%

Drawdowns 3y

Max DD31.10%

CAGR/Max DD1.80

CAGR/Mean DD8.01

EPS (Earnings per Share)

Last SUE: -0.25
Qual. Beats: 0

Revenue

Rev. CAGR: -0.66%
Rev. Trend: -10.5%

Last SUE: 0.52
Qual. Beats: 0

Warnings

Below Avwap Earnings

Tailwinds

Rs Leader

Confidence

Seasonality 11.8 years of data

Jan +0.3% 10

Feb -1.7% 20

Mar +1.2% 8

Apr -0.8% 10

May -3.8% 17

Jun -1.2% 8

Jul +0.5% 8

Aug -5.0% 36

Sep +4.5% 5

Oct +4.8% 19

Nov +0.4% 0

Dec +3.2% 13

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: TVE Tamarack Valley Energy

Tamarack Valley Energy Ltd. (TSX: TVE) is a Canadian oil and gas exploration and production company focused on the Western Canadian Sedimentary Basin. Its Alberta properties include the Clearwater and Charlie Lake assets.

The company explores for and produces oil, natural gas, and natural gas liquids, which it sells into energy markets. It is headquartered in Calgary.

Headlines to Watch Out For

WTI prices and WCS differentials drive oil revenue and margins
Clearwater and Charlie Lake production growth supports volume expansion
Capital spending, debt reduction and dividends compete for free cash flow

Piotroski VR-10 (Strict) 9.0

Net Income: 372.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.18 > 0.02 and ΔFCF/TA 8.24 > 1.0
NWC/Revenue: 18.95% < 20% (prev 3.04%; Δ 15.90% < -1%)
CFO/TA 0.29 > 3% & CFO 919.9m > Net Income 372.1m
Net Debt (161.5m) to EBITDA (965.5m): 0.17 < 3
Current Ratio: 1.95 > 1.5 & < 3
Outstanding Shares: last quarter (470.3m) vs 12m ago -5.31% < -2%
Gross Margin: 49.34% > 18% (prev 35.94%; Δ 13.40% > 0.5%)
Asset Turnover: 53.56% > 50% (prev 47.17%; Δ 6.39% > 0%)
Interest Coverage Ratio: 8.60 > 6 (EBIT TTM 544.3m / Interest Expense TTM 63.3m)

Altman Z'' 3.62

A: 0.11 (Total Current Assets 691.0m - Total Current Liabilities 354.9m) / Total Assets 3.15b
B: 0.08 (Retained Earnings 264.5m / Total Assets 3.15b)
C: 0.16 (EBIT TTM 544.3m / Avg Total Assets 3.31b)
D: 1.47 (Book Value of Equity 1.88b / Total Liabilities 1.28b)
Altman-Z'' = 3.62 = AA

What is the price of TVE shares?

As of November 04, 2026, the stock is trading at CAD 12.90 with a total of 2,091,311 shares traded. Over the past week, the price has changed by -12.19%, over one month by -4.16%, over three months by -1.69% and over the past year by +108.91%.

Current recommended Stop Loss: 12.10 (which is 6.2% or 1.6 ATR below the current price).

Is TVE a buy, sell or hold?

Tamarack Valley Energy has no consensus analysts rating.

Tamarack Valley Energy (TVE) - Fundamental Data Overview as of 31 October 2026

Market Cap USD = 4.80b (6.72b CAD * 0.7147 CAD.USD)
P/E Trailing = 18.8158
P/E Forward = 14.9925
P/S = 4.3621
P/B = 3.6759
Revenue TTM = 1.77b CAD
EBIT TTM = 544.3m CAD
EBITDA TTM = 965.5m CAD
Long Term Debt = 322.8m CAD (from longTermDebt, last quarter)
Short Term Debt = 12.4m CAD (from shortLongTermDebt, last quarter)
Debt = 702.8m CAD (from shortLongTermDebtTotal, last fiscal year) + Leases 5.32m
Net Debt = 161.5m CAD (calculated: Debt 702.8m - CCE 541.4m)
Enterprise Value = 6.88b CAD (6.72b + Debt 702.8m - CCE 541.4m)
Interest Coverage Ratio = 8.60 (Ebit TTM 544.3m / Interest Expense TTM 63.3m)
EV/FCF = 12.44x (Enterprise Value 6.88b / FCF TTM 552.8m)
FCF Yield = 8.04% (FCF TTM 552.8m / Enterprise Value 6.88b)
FCF Margin = 31.16% (FCF TTM 552.8m / Revenue TTM 1.77b)
Net Margin = 20.98% (Net Income TTM 372.1m / Revenue TTM 1.77b)
Gross Margin = 49.34% ((Revenue TTM 1.77b - Cost of Revenue TTM 898.6m) / Revenue TTM)
Gross Margin QoQ = 53.02% (prev 52.26%)
Tobins Q-Ratio = 2.18 (Enterprise Value 6.88b / Total Assets 3.15b)
Interest Expense / Debt = 9.01% (Interest Expense 63.3m / Debt 702.8m)
Taxrate = 23.99% (117.4m / 489.5m)
NOPAT = 413.8m (EBIT 544.3m * (1 - 23.99%))
Current Ratio = 1.95 (Total Current Assets 691.0m / Total Current Liabilities 354.9m)
Debt / Equity = 0.37 (Debt 702.8m / totalStockholderEquity, last quarter 1.88b)
Debt / EBITDA = 0.17 (Net Debt 161.5m / EBITDA 965.5m)
Debt / FCF = 0.29 (Net Debt 161.5m / FCF TTM 552.8m)
Total Stockholder Equity = 1.83b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.23% (Net Income 372.1m / Total Assets 3.15b)
RoE = 20.30% (Net Income TTM 372.1m / Total Stockholder Equity 1.83b)
RoCE = 25.25% (EBIT 544.3m / Capital Employed (Equity 1.83b + L.T.Debt 322.8m))
RoIC = 15.22% (NOPAT 413.8m / Invested Capital 2.72b)
WACC = 6.90% (E(6.72b)/V(7.42b) * Re(6.90%) + D(702.8m)/V(7.42b) * Rd(9.01%) * (1-Tc(0.24)))
Discount Rate = 6.90% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -98.38 | Cagr: -5.72%
[DCF] Terminal Value 77.97% ; FCFF base≈460.6m ; Y1≈528.0m ; Y5≈777.0m
[DCF] Fair Price = 24.55 (EV 11.7b - Net Debt 161.5m = Equity 11.5b / Shares 469.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.25 | # QB: 0
Revenue Correlation: -10.46 | Revenue CAGR: -0.66% | SUE: 0.52 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.29 | Chg30d=+45.00% | Revisions=+0% | Analysts=1
EPS current Year (2026-12-31): EPS=1.01 | Chg30d=+15.43% | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=-8.4%
EPS next Year (2027-12-31): EPS=0.99 | Chg30d=+11.17% | Revisions=+0% | GrowthEPS=-1.5% | GrowthRev=+31.1%
[Analyst] Revisions Ratio: +0% (up=0, down=0)