Tamarack-Valley-Energy-Ltd (TSE:TVE) had its target price increased by investment analysts at Raymond James Financial, Inc. from C$3.50 to C$3.75 in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the oil and natural gas company’s stock. Raymond James Financial, Inc.’s target price would indicate a potential upside of 28.87% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on TVE. National Bank Financial lifted their price objective on Tamarack-Valley-Energy-Ltd from C$3.75 to C$4.00 and gave the stock an “outperform” rating in a report on Wednesday. Laurentian lifted their price objective on Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a report on Friday, October 6th. Finally, Laurentian Bank of Canada lifted their price objective on Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a report on Friday, October 6th.

Shares of Tamarack-Valley-Energy-Ltd (TSE:TVE) opened at C$2.91 on Thursday. Tamarack-Valley-Energy-Ltd has a twelve month low of C$1.96 and a twelve month high of C$3.71.

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In related news, insider Gmt Capital Corp bought 23,900 shares of the stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average cost of C$1.98 per share, for a total transaction of C$47,322.00. Over the last 90 days, insiders have bought 175,200 shares of company stock worth $358,756.

About Tamarack-Valley-Energy-Ltd

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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