Tamarack Valley Energy (OTCMKTS:TNEYF) Price target raised to C$8.00 by National Bank Financial analysts

Tamarack Valley Energy (OTCMKTS:TNEYF – Get a rating) had its price target raised by National Bank Financial from CA$7.00 to CA$8.00 in a research note released Thursday, reports The Fly.

A number of other brokerages have also recently weighed in on TNEYF. Canaccord Genuity Group raised the target price for its shares of Tamarack Valley Energy from C$4.75 to C$5.00 in a Friday, January 14 research note. Stifel Nicolaus raised his price target on Tamarack Valley Energy shares from C$6.50 to C$7.50 in a Monday, March 7 research note. Finally, Royal Bank of Canada raised its price target on Tamarack Valley Energy shares from C$5.00 to C$6.00 in a Friday, January 14 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. Based on data from MarketBeat.com, the stock currently has a consensus Buy rating and an average price target of $5.84.

TNEYF stock opened at $4.01 on Thursday. Tamarack Valley Energy has a 1-year low of $1.61 and a 1-year high of $4.74. The company has a 50-day moving average of $4.01 and a 200-day moving average of $3.38.

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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