Tamarack Valley Energy Ltd (OTCMKTS:TNEYF) Receives Average Rating of “Buy” from Analysts


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Tamarack Valley Energy Ltd (OTCMKTS:TNEYF) has been assigned an average recommendation of “Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $1.69.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada raised their price target on Tamarack Valley Energy from $1.25 to $1.50 and gave the company an “outperform” rating in a report on Tuesday, December 15th. Stifel Nicolaus lowered their target price on shares of Tamarack Valley Energy from $2.00 to $1.75 and set a “buy” rating on the stock in a research note on Thursday, November 12th. National Bank Financial reiterated an “outperform” rating on shares of Tamarack Valley Energy in a research note on Friday. CIBC boosted their price objective on shares of Tamarack Valley Energy from $1.50 to $2.25 and gave the company an “outperform” rating in a report on Thursday, December 17th. Finally, TD Securities boosted their price objective on shares of Tamarack Valley Energy from $1.40 to $2.00 and gave the company a “buy” rating in a report on Tuesday, December 15th.

Shares of OTCMKTS:TNEYF opened at $1.77 on Tuesday. Tamarack Valley Energy has a 1-year low of $0.30 and a 1-year high of $1.80. The business has a fifty day moving average price of $1.26 and a 200-day moving average price of $0.85.

About Tamarack Valley Energy

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of 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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