TSX · Oil & Gas E&P · CAD

Tamarack Valley Energy Ltd. (TVE.TO) Stock Analysis

Tamarack Valley Energy Ltd. (TVE.TO) is a Oil & Gas E&P stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

TVE.TO

CA$14.75

+CA$0.17 (+1.17%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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TVE.TO Key Statistics

As of Oct 21, 2026

Trading

Open: CA$14.48
Previous Close: CA$14.58
Day's Range: 14.37–14.80
52-Week Range: 6.06–15.15
Volume: 2.44M
Beta: 1.14

Valuation

Market Cap: CA$6.99B
P/E Ratio: 295.00
Forward P/E: 16.57
P/S ratio: 4.63
EPS (ttm): 0.05

Financials (FY)

Revenue (FY): CA$1.65B−5.23%
Net Income (FY): −CA$36.35M−122.41%
Profit margin: 1.62%
Shares Outstanding: 473.59M
1-Year Return: +145.96%

Dividend and dates

Dividend: CA$0.20+1.37%
Ex-Dividend Date: September 15, 2026
Earnings Date: October 28, 2026
Avg Volume: 2.25M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, TVE.TO closed at CA$14.75, +145.96% over 1 year.

Tamarack Valley Energy Ltd. (TVE.TO) has a market capitalization of CA$6.99B.

In fiscal 2025, TVE.TO reported revenue of CA$1.65B.

TVE.TO Stock Return by Calendar Year

Tamarack Valley Energy Ltd. (TVE.TO) 10-year return: what CA$10,000 became

1 year: CA$10,000 CA$24,596; +145.96%
5 years: CA$10,000 CA$50,298; +402.98%
10 years: CA$10,000 CA$44,520; +345.20%

If you had invested CA$10,000 in Tamarack Valley Energy Ltd. (TVE.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$44,520 at the close on October 21, 2026: +345.20% in total, +16.11% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−36.50%+203.15%+86.08%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+86.08%
2025	+71.72%
2024	+62.50%
2023	−28.21%
2022	+18.81%
2021	+203.15%
2020	−36.50%
2019	−15.25%
2018	−17.48%
2017	−17.34%
2016 (partial year)	+3.90%

As of October 21, 2026.

TVE.TO Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	CA$1.65B	−CA$36.35M	−2.2%
2024	CA$1.74B	CA$162.22M	9.3%
2023	CA$1.72B	CA$94.20M	5.5%
2022	CA$1.46B	CA$345.20M	23.6%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	CA$1.65B	CA$591.12M	CA$433.70M	−CA$36.35M	−2.2%
2024	CA$1.74B	CA$584.17M	CA$447.40M	CA$162.22M	9.3%
2023	CA$1.72B	CA$502.80M	CA$354.96M	CA$94.20M	5.5%
2022	CA$1.46B	CA$615.12M	CA$523.72M	CA$345.20M	23.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

TVE.TO Dividend History

’22’23’24’25’26*

CA$0.16+0.0% vs 2024

Dividends per share, 2025 · 12 payments

Year	Dividends per share	Payments	Change
2026*	CA$0.13	3	—
2025	CA$0.16	12	+0.0%
2024	CA$0.16	12	+0.0%
2023	CA$0.16	12	+34.5%

Year	Dividends per share	Payments	Change
2026 (partial year)	CA$0.13	3	—
2025	CA$0.16	12	+0.0%
2024	CA$0.16	12	+0.0%
2023	CA$0.16	12	+34.5%
2022	CA$0.12	12	—

Most recent payment: CA$0.04 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

TVE.TO Valuation vs Oil & Gas E&P Median

Median of 116 stocks

Metric	TVE.TO	Oil & Gas E&P median	vs median
P/E	295.00	14.65	20.1x the median
P/S ratio	4.63	2.41	92% above
Profit margin	1.62%	12.09%	10.5 pts below

Medians across 116 Oil & Gas E&P stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

The market values Tamarack Valley Energy Ltd. (TVE.TO) at CA$6.99B. It is classified in the Oil & Gas E&P industry, within the Energy sector. Headcount on file is 106.

The most recent close on file for TVE.TO is CA$14.75, dated October 21, 2026. That is +CA$0.17 (+1.17%) against the previous close. The 52-week range on file runs from CA$6.06 to CA$15.15. The latest close sits 143.4% above that 52-week low.

Financial Health

In fiscal 2025, Tamarack Valley Energy Ltd. reported revenue of CA$1.65B. That is −5.23% against the prior fiscal year, when revenue was CA$1.74B. The same year closed with a net loss of CA$36.35M. Profit margin runs at 1.62%. That is 10.5 percentage points below the Oil & Gas E&P median of 12.09%. Earnings per share on a trailing basis come to 0.05.

Across the 4 fiscal years on file, revenue moves from CA$1.46B in 2022 to CA$1.65B in 2025. Of those 4 years, 3 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 295 times earnings. That is 20.1 times the Oil & Gas E&P median of 14.65. The forward P/E on file is 16.57. The price-to-sales ratio is 4.63. On price-to-sales that is 91.97% above the Oil & Gas E&P median of 2.41. The medians here are taken across 116 Oil & Gas E&P companies that report the metric.

Beta against the wider market is reported at 1.14. Annualized volatility over the trailing 10 years is 52.72%. Over the trailing twelve months the total return is +145.96%. Across 10 years the annualized return works out at +16.11%.

Growth & Income

Shareholders receive a dividend, yielding 1.37% on the latest price. That is 1.9 percentage points below the Oil & Gas E&P median yield of 3.27%. The indicated annual rate is CA$0.20 a share. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 5 calendar years; 2026 shows 3 payments totalling CA$0.13 a share. The year before, 2025, totalled CA$0.16 a share.

So far in 2026 the total return is +86.08%. Across the complete calendar years on file, 2021 returned +203.15% and 2020 returned −36.50%. Of the 9 complete calendar years on file, 4 finished higher.

Peer Comparison

Tamarack Valley Energy Ltd. (TVE.TO) operates in the Oil & Gas E&P industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Tamarack Valley Energy Ltd.	TVE.TO	CA$6.99B	295.0
ConocoPhillips	COP	$175.00B	19.3
Canadian Natural Resources Limited	CNQ	$111.69B	13.3
EOG Resources, Inc.	EOG	$82.81B	12.3

Market caps are shown in each company's own trading currency, without conversion, and the peers are listed in order of these unconverted figures.

The Oil & Gas E&P industry average P/E ratio is 14.6x. Tamarack Valley Energy Ltd. trades at a P/E of 295.0.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd. engages in the exploration, development, production, and sale of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. The company's oil and natural gas properties are the Clearwater and Charlie Lake assets located in the province of Alberta, Canada. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. The company was incorporated in 2002 and is headquartered in Calgary, Canada.

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