Tamarack Valley Energy (TSE:TVE) Receives New CA$6.75 Price Target From Stifel Nicolaus



Tamarack Valley Energy (TSE:TVE – Get Rating) saw its price target lowered by Stifel Nicolaus from C$7.25 to C$6.75 in a report released on Tuesday, BayStreet.CA reports.

Other stock analysts have also recently released research reports on the stock. Raymond James raised his price target on Tamarack Valley Energy shares from C$7.25 to C$7.50 and gave the stock a strong buy rating in a Tuesday, July 5 research report. ATB Capital raised its price target on Tamarack Valley Energy shares from C$6.50 to C$6.75 and gave the stock a strong buy rating in a Friday, April 22 research report. Royal Bank of Canada lowered its target price on Tamarack Valley Energy shares from C$8.00 to C$7.50 and set an outperformance rating for the stock in a research report on Friday, July 29. National Bankshares lowered its price target on Tamarack Valley Energy shares from C$8.50 to C$8.00 and set an outperformance rating for the stock in a Monday, July 18 research report. Finally, CIBC lowered its price target on Tamarack Valley Energy shares from CA$8.00 to CA$6.50 in a Wednesday, July 13 research report. One equity research analyst gave the stock a hold rating, six gave the company a buy rating and two gave the company a high buy rating. Tamarack Valley Energy currently has a Buy consensus rating and an average price target of C$6.50, according to MarketBeat data.

Tamarack Valley Energy Price Performance

Shares of TSE TVE opened at C$4.25 on Tuesday. Tamarack Valley Energy has a fifty-two week low of C$2.07 and a fifty-two week high of C$6.48. The stock has a market cap of C$1.87 billion and a price-to-earnings ratio of 3.73. The company has a debt ratio of 39.24, a quick ratio of 0.50 and a current ratio of 0.54. The company’s 50-day simple moving average is C$4.75 and its 200-day simple moving average is C$4.89.

Tamarack Valley Energy (TSE:TVE – Get Rating) last reported quarterly results on Tuesday, May 3. The company reported earnings per share of CA$0.06 for the quarter, missing the consensus estimate of CA$0.17 by CA$0.11. The company had revenue of C$298.90 million for the quarter. As a group, research analysts expect Tamarack Valley Energy to post earnings per share of 0.9799999 for the current fiscal year.

Insider Activity at Tamarack Valley Energy

In other Tamarack Valley Energy news, Director Marnie Smith acquired 19,097 shares of Tamarack Valley Energy in a transaction that took place on Wednesday, May 11. The shares were acquired at an average cost of CA$4.64 per share, for a total transaction of CA$88,610.08. Following the purchase, the director now owns 124,584 shares of the company, valued at C$578,069.76. In other Tamarack Valley Energy news, Director Ian Robert Currie acquired 8,775 shares of Tamarack Valley Energy in a transaction that took place on Friday May 6th. The shares were acquired at an average cost of CA$5.05 per share, for a total transaction of CA$44,313.75. Following the purchase, the director now owns 681,351 shares of the company, valued at C$3,440,822.55. Additionally, Director Marnie Smith acquired 19,097 shares of Tamarack Valley Energy in a transaction that took place on Wednesday, May 11. The shares were acquired at an average price of CA$4.64 per share, with a total value of CA$88,610.08. Following the completion of the purchase, the administrator now directly owns 124,584 shares of the company, valued at approximately C$578,069.76.

About Tamarack Valley Energy

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Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development and production of oil, natural gas and natural gas liquids in the Western Canadian Sedimentary Basin. It primarily holds interests in the Cardium light oil fields at Wilson Creek/Alder Flats/Pembina and in the Garrington and Lochend areas of Alberta; The Viking light oil resource plays at Redwater and Westlock in Alberta, as well as in the Consort area of ​​southeastern Alberta and the Hoosier area of ​​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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Analyst Recommendations for Tamarack Valley Energy (TSE: TVE)



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