Tamarack Valley Energy (OTCMKTS:TNEYF – Get a rating) saw its price target reduced by equity analysts at Royal Bank of Canada from C$8.00 to C$7.50 in a note issued to investors on Friday, reports The Fly.
A number of other equity research analysts have also weighed in on the company recently. Stifel Nicolaus cut his price target on Tamarack Valley Energy from CA$7.50 to CA$7.25 in a Thursday, June 30 research note. CIBC raised its price target on Tamarack Valley Energy from CA$7.50 to CA$8.00 in a Wednesday, June 15 research note. National Bank Financial reduced its price target on Tamarack Valley Energy from CA$8.50 to CA$8.00 in a Monday, July 18 research note. Finally, Raymond James raised his price target on Tamarack Valley Energy from CA$7.00 to CA$7.25 in a Friday, April 22 research note. One analyst gave the stock a hold rating, four gave the stock a buy rating and one gave the stock a strong buy rating. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $6.56.
Tamarack Valley Energy Stock Performance
TNEYF stock opened at $3.47 on Friday. Tamarack Valley Energy has a fifty-two week low of $1.61 and a fifty-two week high of $5.37. The company has a 50-day moving average price of $3.71 and a 200-day moving average price of $3.84.
Tamarack Valley Energy Company Profile
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Tamarack Valley Energy Ltd. acquires, explores, develops and produces crude oil, natural gas and natural gas liquids in the Western Canada Sedimentary Basin. It primarily holds interests in the assets of Clearwater covering an area of approximately 357 land sections located in Alberta; the Charlie Lake assets covering approximately 357 sections of land in the northwestern region of Alberta; the Viking light oil field in central and southern Alberta and west-central Saskatchewan; the Barons Sand oil play in the Penny region of southern Alberta; and heavy oil properties.
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