Tamarack Valley Energy (OTCMKTS:TNEYF) Target Price Reduced to CA$6.75

Tamarack Valley Energy (OTCMKTS:TNEYF – Get a rating) had its target price reduced by Stifel Nicolaus from CA$7.25 to CA$6.75 in a research report published Tuesday morning, reports The Fly.

TNEYF has been the subject of several other reports. National Bank Financial lowered its price target on Tamarack Valley Energy from CA$8.50 to CA$8.00 in a Monday, July 18 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. Royal Bank of Canada lowered its price target on Tamarack Valley Energy from CA$8.00 to CA$7.50 in a Friday, July 29 research report. Finally, CIBC raised its target price on Tamarack Valley Energy from CA$7.50 to CA$8.00 in a Wednesday, June 15 research report. One investment analyst has assigned the stock a hold rating, four have issued a buy rating and one has assigned the company a strong buy rating. According to MarketBeat.com, the stock has an average buy rating and consensus price target of $6.50.

Tamarack Valley Energy Price Performance

TNEYF stock opened at $3.31 on Tuesday. The stock has a 50-day moving average price of $3.69 and a 200-day moving average price of $3.83. Tamarack Valley Energy has a 1-year low of $1.61 and a 1-year high of $5.37.

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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