Tamarack Valley Energy (TSE: TVE) saw its price target raised by stock analysts at National Bankshares from C $ 5.00 to C $ 5.50 in a report released Thursday, BayStreet.CA reports. The company currently has an “outperformance” rating on the stock. National Bankshares’ price target would suggest a potential rise of 50.68% from the company’s current price.
A number of other research analysts also weighed on the stock. CIBC raised its price target for Tamarack Valley Energy shares to C $ 5.00 and assigned the company a “outperformance” rating in a research report on Thursday, October 28. ATB Capital raised its price target for Tamarack Valley Energy shares from C $ 4.75 to C $ 5.25 and gave the stock a “na” rating in a report released Thursday. Raymond James reaffirmed a “strong buy” rating and set a price target of C $ 5.75 for Tamarack Valley Energy shares in a report released Thursday. BMO Capital Markets raised its price target for Tamarack Valley Energy shares from C $ 3.75 to C $ 4.00 in a report released on Wednesday, October 20. Finally, the Royal Bank of Canada reiterated an “outperformance” rating and issued a target price of C $ 4.00 on Tamarack Valley Energy shares in a research note on Tuesday, September 14. Two research analysts gave the stock a conservation rating, four assigned a buy rating, and two gave the company a high buy rating. According to data from MarketBeat.com, Tamarack Valley Energy currently has a consensus rating of “Buy” and a consensus price target of C $ 4.65.
TSE: TVE traded up C $ 0.15 during trading hours on Thursday, reaching C $ 3.65. The company had a trade volume of 3,044,789 shares, compared to its average volume of 2,835,169. The company has a quick ratio of 0.36, a current ratio of 0.38, and a debt to equity ratio of. 47.43. The company has a market capitalization of 1.48 billion Canadian dollars and a price / earnings ratio of 4.95. The company’s 50-day simple moving average is C $ 3.55 and its two-hundred-day simple moving average is C $ 2.91. Tamarack Valley Energy has a 12-month low of CA $ 1.24 and a 12-month high of CA $ 3.95.
Tamarack Valley Energy (TSE: TVE) last released its quarterly results on Wednesday, October 27. The company reported EPS of C $ 0.05 for the quarter, missing analyst consensus estimates of C $ 0.08 per C $ 0.03. The company reported sales of C $ 211.53 million for the quarter. As a group, stock analysts predict Tamarack Valley Energy will post 0.53 earnings per share for the current year.
About Tamarack Valley Energy
Tamarack Valley Energy Ltd. is engaged in the acquisition, exploration, development and production of petroleum, natural gas and natural gas liquids in the Western Canadian Sedimentary Basin. It primarily owns interests in the Cardium light oil fields in the Wilson Creek / Alder Flats / Pembina and Garrington and Lochend areas in Alberta; The Viking light oil fields at Redwater and Westlock, Alberta, as well as the Consort region in southeastern Alberta and the Hoosier region in southwestern Saskatchewan; the Barons Sands light oil fields located in the Penny region of southern Alberta; and heavy oil properties located in the Hatton area of Saskatchewan.
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