Analysts Set Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF) Target Price at $2.83


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Shares of Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $2.96.

TNEYF has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price objective on shares of Tamarack Valley Energy from $3.00 to $3.25 and gave the stock a “buy” rating in a research report on Friday, March 26th. Raymond James upped their price objective on shares of Tamarack Valley Energy from $3.50 to $4.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 13th. National Bank Financial reaffirmed an “outperform” rating on shares of Tamarack Valley Energy in a research report on Friday, February 19th. Royal Bank of Canada upped their price objective on shares of Tamarack Valley Energy from $3.00 to $3.25 and gave the stock an “outperform” rating in a research report on Monday, March 8th. Finally, Desjardins increased their target price on shares of Tamarack Valley Energy from $3.50 to $3.75 and gave the company a “buy” rating in a research report on Wednesday, April 14th.

TNEYF stock traded up $0.00 during trading on Wednesday, reaching $1.91. The stock had a trading volume of 700 shares, compared to its average volume of 44,242. Tamarack Valley Energy has a one year low of $0.39 and a one year high of $1.96. The company’s 50 day moving average is $1.82 and its two-hundred day moving average is $1.16.

About Tamarack Valley Energy

Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in Alberta Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater in Alberta, as well as in the Veteran, Consort, and Esther area of southeast Alberta and North Hoosier, Milton, and Coleville area of southwest Saskatchewan; Barons and Banff light oil plays located in the Penny area of Southern Alberta; and heavy oil properties.

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Analyst Recommendations for Tamarack Valley Energy (OTCMKTS:TNEYF)

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