Tamarack Valley Energy reported quarterly EPS of C$0.21, below the C$0.27 estimate. The miss adds to a mixed run of earnings results, while the share price remains near its 52-week high.
Tamarack Valley Energy Ltd. (TSX: TVE) reported results before market open on October 28 for the quarter ended September 30, 2026. EPS was C$0.21, compared with the calendar estimate of C$0.27—a 22.2% miss. The supplied results don’t include quarterly revenue or margins, so the comparison is limited to EPS. TVE beat estimates in two of its last four reported quarters. The Alberta oil and gas producer has exposure to the Clearwater and Charlie Lake plays, so its earnings outlook is tied to commodity prices and operating performance.
Recent earnings trend
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Tamarack Valley Energy Ltd
TVE.TO
TVE.TO
Tamarack Valley Energy Ltd
WealthAwesomeMarket cap
$7.00B
P/E
295.6x
Div. yield
1.05%
Div. / share
$0.16
52W high
$15.16
52W low
$5.98
1W change
+0.75%
Beta
1.14
Analyst Price Targets
Based on analyst covering TVE · as of Oct 26, 2026
Wall Street analysts forecast TVE stock price to rise 16.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$17.13
+16.6% Upside
Previously C$16.98 on Oct 23, 2026
Current Price
C$14.69
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TVE's historical volatility
30-Day Vol
32.4%
Annualized
90-Day Vol
34.4%
Annualized
Trend (90d)
+45.5%
Annualized drift
90d Mean
C$17.28
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$15.51 | C$13.87 – C$17.34 |
| 60 trading days | C$16.37 | C$13.98 – C$19.18 |
| 90 trading days | C$17.28 | C$14.24 – C$20.98 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 1 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-28 | 0.2100 | 0.2700 | -22.2% |
| 2026-06-30 | 2026-07-27 | 0.4300 | 0.3900 | +10.3% |
| 2026-03-31 | 2026-05-06 | 0.0100 | 0.1400 | -92.9% |
| 2025-12-31 | 2026-02-25 | 0.1200 | 0.0200 | +500.0% |
| 2025-09-30 | 2025-10-29 | -0.5000 | 0.0600 | -933.3% |
| 2025-06-30 | 2025-07-30 | 0.1700 | 0.0900 | +88.9% |
Investor takeaway: The EPS miss stands out, but recent results have been mixed rather than consistently weak. TVE beat estimates in two of the last four comparable quarters. The available information doesn’t explain this quarter’s shortfall or provide revenue and margin figures to show the broader operating picture. TVE closed at C$14.69, above its 50-day and 200-day moving averages and near its C$15.16 52-week high. The strong share price doesn’t change the earnings result, and the supplied data don’t show what drove the stock’s performance.
C$0.21 EPS versus C$0.27 expected
The 22.2% shortfall follows a stronger result last quarter, when TVE reported C$0.43 against an estimate of C$0.39. The company beat estimates in two of its last four reported quarters. The automatically inserted earnings trend table and chart show the quarter-by-quarter comparisons.
Bull case
Tamarack Valley’s Alberta production gives it exposure to oil and gas prices. Company updates have also highlighted waterflooding in the Clearwater and Charlie Lake plays as a potential way to improve well productivity, reduce decline rates and lower operating costs per barrel. These are possible supports for the business, not evidence of what drove this quarter’s results. The stock is also above its 50-day and 200-day moving averages. Analyst price targets average C$17.13, 16.6% above the C$14.69 close, but targets are estimates, not guarantees.
Bear case
TVE’s latest EPS fell short of expectations, and the company beat estimates in only two of its last four reported quarters. The fundamentals snapshot lists a 1.62% profit margin, trailing-twelve-month EPS of C$0.05 and a P/E of 295.6. These figures show that current earnings are low relative to the share price and should be considered in context. As an upstream producer, TVE is also exposed to changes in commodity prices and operating costs. The supplied results don’t identify what caused the miss, so investors shouldn’t assume a specific reason.
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Analysis
For the quarter ended September 30, Tamarack Valley reported EPS of C$0.21, below the earnings calendar estimate of C$0.27—a 22.2% miss. The company reported before market open on October 28. No quarterly revenue or margin figures were supplied, so this article can’t assess those measures or explain what drove the EPS result.
TVE’s recent record is mixed. It beat estimates in two of its last four reported quarters: C$0.43 versus C$0.39 in June 2026, and C$0.12 versus C$0.02 in December 2025. It missed in March 2026, reporting C$0.01 against C$0.14, and again in September 2026. The automatically inserted earnings trend table and chart show the full comparison. See the Tamarack Valley Energy stock page for more company information.
Analysis
Tamarack Valley is an Alberta oil and gas producer with exposure to the Clearwater and Charlie Lake plays. Company updates have described waterflooding in these areas as a potential way to improve well productivity, stabilize production and lower operating costs per barrel. These developments could affect future earnings, but the quarterly data provided don’t show whether they contributed to this EPS miss.
TVE closed at C$14.69, up 11.2% over one month and 0.75% over one week, but down 2.13% on the day. The share price was above its 50-day moving average of C$13.71 and its 200-day average of C$12.06, and below its 52-week high of C$15.16. These figures describe recent trading. They don’t explain the earnings result or predict future performance.
Analysis
Analyst price targets: The average analyst target is C$17.13, or 16.6% above TVE’s last close of C$14.69. The supplied rating summary labels the outlook bullish based on the average target compared with the closing price. A formal rating isn’t available for Canadian listings. Price targets are estimates, not promises. See the analyst ratings section for details.
Wealth Awesome price forecast: The statistical 90-day model gives a mean forecast of C$17.28, with a 68% range of C$14.24 to C$20.98 and a 95% range of C$11.73 to C$25.47. The 30-day and 60-day mean forecasts are C$15.51 and C$16.37. These are model estimates, not financial advice or guaranteed returns. See the price prediction section for details.
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