Tamarack Valley Energy (TSE:TVE) Given a C$15.00 Price Target by Roth Mkm Analysts

Tamarack Valley Energy (TSE:TVE) has been assigned a C$15.00 price target by research analysts at Roth Mkm in a note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Roth Mkm’s target price indicates a potential upside of 11.03% from the company’s previous close.

TVE has been the subject of several other reports. Royal Bank Of Canada lifted their price target on shares of Tamarack Valley Energy from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Acumen Capital lifted their price target on shares of Tamarack Valley Energy from C$7.50 to C$10.50 and gave the company a “buy” rating in a research note 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. Canaccord Genuity Group lifted their price objective on shares of Tamarack Valley Energy from C$8.50 to C$9.00 and gave the company a “hold” rating in a report on Thursday, February 26th. Finally, 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. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$10.90.

Tamarack Valley Energy Stock Up 1.3%

TVE traded up C$0.17 during midday trading on Tuesday, hitting C$13.51. The company had a trading volume of 1,354,961 shares, compared to its average volume of 2,211,744. Tamarack Valley Energy has a 52 week low of C$4.27 and a 52 week high of C$13.97. The company has a quick ratio of 0.80, a current ratio of 0.69 and a debt-to-equity ratio of 37.62. The company has a market capitalization of C$6.46 billion, a price-to-earnings ratio of -75.06 and a beta of 0.46. The stock’s 50 day moving average price is C$11.53 and its 200 day moving average price is C$9.39.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$0.20 earnings per share for the quarter. Tamarack Valley Energy had a negative net margin of 6.60% and a negative return on equity of 5.03%. The firm had revenue of C$375.55 million during the quarter. On average, research analysts anticipate that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

About Tamarack Valley Energy

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.