Tamarack Valley Energy (OTCMKTS:TNEYF – Get a rating) saw its target price raised by CIBC from CA$7.50 to CA$8.00 in a research report released on Wednesday, reports The Fly.
Other analysts have also recently published research reports on the company. Royal Bank of Canada raised its target price on Tamarack Valley Energy from CA$7.00 to CA$7.50 in a Friday, April 22 research report. Raymond James raised his price target on Tamarack Valley Energy from CA$7.00 to CA$7.25 in a Friday, April 22 research report. National Bank Financial raised its price target on Tamarack Valley Energy from CA$7.00 to CA$8.00 in a Thursday, April 14 research report. Finally, Stifel Nicolaus raised his price target on Tamarack Valley Energy from CA$6.50 to CA$7.50 in a Monday, March 7 research report. One investment analyst has assigned the stock a hold rating, four have issued a buy rating and one has assigned the stock a high buy rating. According to MarketBeat.com, Tamarack Valley Energy has an average rating of “Buy” and an average price target of $6.59.
Shares of OTCMKTS TNEYF traded down $0.19 at midday Wednesday, hitting $4.46. The company had a trading volume of 207,638 shares, compared to an average volume of 102,620. The company has a 50-day moving average price of $4.02 and a two-hundred-day moving average price of $3.74 . Tamarack Valley Energy has a 1-year low of $1.61 and a 1-year high of $5.37.
Tamarack Valley Energy Company Profile (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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