Brokerages Set Tamarack Valley Energy Ltd (TVE) PT at $5.81
Shares of Tamarack Valley Energy Ltd (TSE:TVE) have been given an average recommendation of “Buy” by the twelve research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$5.81.
A number of equities research analysts recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Tuesday, October 9th. Desjardins upped their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Friday, August 10th. Royal Bank of Canada upped their price objective on shares of Tamarack Valley Energy from C$5.00 to C$5.50 and gave the company a “sector perform” rating in a report on Monday, August 13th. National Bank Financial upped their price objective on shares of Tamarack Valley Energy from C$6.50 to C$6.75 and gave the company an “outperform” rating in a report on Thursday, September 20th. Finally, TD Securities reissued a “buy” rating and issued a C$7.00 price objective on shares of Tamarack Valley Energy in a report on Thursday, October 4th.
Tamarack Valley Energy stock opened at C$2.23 on Monday. Tamarack Valley Energy has a 52-week low of C$2.09 and a 52-week high of C$5.20. The company has a quick ratio of 0.46, a current ratio of 0.51 and a debt-to-equity ratio of 21.30.
In other Tamarack Valley Energy news, Director Jeff Boyce sold 90,000 shares of the stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of C$5.05, for a total transaction of C$454,500.00. Also, insider David Keith Christensen sold 25,000 shares of the stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of C$5.15, for a total transaction of C$128,750.00.
Tamarack Valley Energy Company Profile
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.
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