Tamarack Valley Energy (OTCMKTS:TNEYF – Get a rating) had its target price lowered by Stifel Nicolaus from CA$7.50 to CA$7.25 in a research note published Thursday morning, reports The Fly.
A number of other stock analysts also weighed in on TNEYF. Royal Bank of Canada raised its target price on Tamarack Valley Energy from C$7.00 to C$7.50 in a Friday, April 22 research report. Raymond James raised his target price on Tamarack Valley Energy from CA$7.00 to CA$7.25 in a Friday, April 22 research report. CIBC raised its price target on Tamarack Valley Energy from CA$7.50 to CA$8.00 in a Wednesday, June 15 research report. Finally, 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. One investment analyst gave the stock a hold rating, four issued a buy rating and one gave the company a high buy rating. Based on data from MarketBeat, the stock currently has an average buy rating and an average target price of $6.56.
Shares of Tamarack Valley Energy opened at $3.38 on Thursday. Tamarack Valley Energy has a 52-week low of $1.61 and a 52-week high of $5.37. The stock’s 50-day moving average price is $3.94 and its two-hundred-day moving average price is $3.81.
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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