Tamarack Valley Energy Ltd (TSE:TVE – Get Rating) has been given an average rating of “Buy” by the ten analysts who currently cover the company, Marketbeat reports. Four research analysts rated the stock with a Buy recommendation and two gave the company a strong Buy recommendation. The average 1-year target price among brokers who have reported on the stock in the past year is C$6.55.
Several equity research analysts have recently released reports on the company. ATB Capital raised its price target on Tamarack Valley Energy from C$6.50 to C$6.75 and gave the company a “Strong Buy” rating in a Friday, April 22 research report. Royal Bank of Canada raised its price target on Tamarack Valley Energy shares from CA$7.00 to CA$7.50 and gave the company an “outperform” rating in a Friday 22 research note. april. National Bankshares cut its price target on Tamarack Valley Energy shares from C$8.50 to C$8.00 and set an “outperform” rating for the company in a Monday, July 18 research note. Stifel Nicolaus lowered his price target on Tamarack Valley Energy shares from C$7.50 to C$7.25 in a Monday, July 4 report. Finally, Raymond James raised his price target on Tamarack Valley Energy shares from C$7.25 to C$7.50 and gave the stock a “strong buy” rating in a report on Tuesday 5 July.
Insiders place their bets
In other Tamarack Valley Energy news, Director Marnie Smith acquired 19,097 shares of the company in a transaction on Wednesday, May 11. The shares were purchased at an average cost of C$4.64 per share, for a total value of C$88,610.08. Following the completion of the purchase, the director now owns 124,584 shares of the company, valued at C$578,069.76. In other Tamarack Valley Energy news, Director Marnie Smith purchased 19,097 shares of Tamarack Valley Energy in a trade dated Wednesday, May 11. The stock was purchased at an average price of CA$4.64 per share, for a total transaction of CA$88,610.08. Following the completion of the purchase, the director now directly owns 124,584 shares of the company, valued at C$578,069.76. Additionally, director Ian Robert Currie purchased 8,775 shares of Tamarack Valley Energy in a trade dated Friday, May 6. The shares were acquired at an average price of CA$5.05 per share, with a total value of CA$44,313.75. Following the purchase, the director now directly owns 681,351 shares of the company, valued at C$3,440,822.55.
Tamarack Valley Energy Stock Up 1.6%
TSE:TVE opened at C$4.49 on Friday. The company has a market capitalization of C$1.99 billion and a PE ratio of 3.94. The stock has a 50-day moving average of C$4.77 and a 200-day moving average of C$4.89. Tamarack Valley Energy has a 52-week low of C$2.07 and a 52-week high of C$6.48. The company has a current ratio of 0.54, a quick ratio of 0.50 and a debt ratio of 39.24.
Tamarack Valley Energy (TSE:TVE – Get Rating) last reported quarterly earnings data on Tuesday, May 3. The company reported EPS of C$0.06 for the quarter, missing analyst consensus estimates of C$0.17 by C$0.11. The company had revenue of C$298.90 million in the quarter. Analysts predict that Tamarack Valley Energy will post EPS of 0.9799999 for the current year.
About Tamarack Valley Energy
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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 the Cardium light oil fields at Wilson Creek/Alder Flats/Pembina and in the Garrington and Lochend areas of Alberta; The Viking light oil resource plays at Redwater and Westlock in Alberta, as well as in the Consort area of southeastern Alberta and the Hoosier area of southwestern Saskatchewan; the Barons Sands light oil fields located in the Penny region of southern Alberta; and heavy oil properties located in the Hatton area of Saskatchewan.
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