Tamarack Valley Energy (OTCMKTS:TNEYF – Get a rating) had its target price reduced by National Bank Financial from CA$8.50 to CA$8.00 in a research note published Monday morning, reports The Fly.
A number of other research analysts have also recently released reports on the stock. Stifel Nicolaus lowered his price target on Tamarack Valley Energy shares from C$7.50 to C$7.25 in a Thursday, June 30 research report. CIBC raised its price target on Tamarack Valley Energy shares from C$7.50 to C$8.00 in a Wednesday, June 15 research report. Royal Bank of Canada raised its target price on shares of Tamarack Valley Energy from C$7.00 to C$7.50 in a Friday, April 22 research report. Finally, Raymond James raised his price target on Tamarack Valley Energy shares from C$7.00 to C$7.25 in a Friday, April 22 research report. One analyst rated the stock with a hold rating, four gave the company a buy rating and one gave the company’s stock a strong buy rating. Based on data from MarketBeat, the stock currently has a consensus Buy rating and an average price target of $6.56.
Tamarack Valley Energy Stock Performance
Shares of OTCMKTS TNEYF opened at $3.11 on Monday. Tamarack Valley Energy has a 52-week low of $1.61 and a 52-week high of $5.37. The company’s 50-day moving average price is $3.76 and its 200-day moving average price is $3.84.
About Tamarack Valley Energy
(Get a rating)
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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