Tamarack-Valley-Energy (TVE) Upgraded to “Outperform” by BMO Capital Markets
BMO Capital Markets upgraded shares of Tamarack-Valley-Energy (CVE:TVE) from a market perform rating to an outperform rating in a report released on Monday morning. BMO Capital Markets currently has C$4.25 target price on the stock, up from their previous target price of C$3.50.
Several other research analysts have also recently weighed in on TVE. Royal Bank Of Canada increased their price objective on Tamarack-Valley-Energy from C$2.75 to C$3.25 and gave the stock a sector perform rating in a research report on Thursday, November 30th. National Bank Financial increased their price objective on Tamarack-Valley-Energy from C$3.75 to C$4.00 and gave the stock an outperform rating in a research report on Wednesday, November 8th. Laurentian raised their price target on Tamarack-Valley-Energy from C$4.25 to C$4.75 in a research report on Friday, October 6th. Laurentian Bank of Canada raised their price target on Tamarack-Valley-Energy from C$4.25 to C$4.75 in a research report on Friday, October 6th. Finally, Raymond James Financial raised their price target on Tamarack-Valley-Energy from C$3.50 to C$3.75 and gave the stock an outperform rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Tamarack-Valley-Energy currently has an average rating of Buy and an average price target of C$3.89.
Tamarack-Valley-Energy has a twelve month low of C$2.11 and a twelve month high of C$7.85.
In related news, insider Ken Cruikshank sold 18,400 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of C$2.65, for a total value of C$48,760.00. Also, insider Gmt Capital Corp acquired 16,700 shares of Tamarack-Valley-Energy stock in a transaction that occurred on Thursday, October 19th. The stock was acquired at an average cost of C$2.04 per share, for a total transaction of C$34,068.00. Insiders purchased 115,000 shares of company stock worth $248,882 in the last 90 days.
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Tamarack-Valley-Energy Company Profile
Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant.
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