Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF) Given Consensus Recommendation of “Buy” by Analysts

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF – Get Rating) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.22.

A number of brokerages recently commented on TNEYF. Raymond James raised their target price on Tamarack Valley Energy from C$7.00 to C$7.25 in a report on Friday, April 22nd. Stifel Nicolaus upped their price target on Tamarack Valley Energy from C$6.50 to C$7.50 in a research report on Monday, March 7th. Royal Bank of Canada upped their price target on Tamarack Valley Energy from C$7.00 to C$7.50 in a research report on Friday, April 22nd. Finally, National Bank Financial upped their price target on Tamarack Valley Energy from C$7.00 to C$8.00 in a research report on Thursday, April 14th.

Tamarack Valley Energy stock opened at $3.71 on Thursday. Tamarack Valley Energy has a one year low of $1.61 and a one year high of $4.74. The stock has a fifty day moving average of $3.93 and a 200 day moving average of $3.55.

About Tamarack Valley Energy (Get Rating)

Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in the Clearwater assets covering an area of approximately 357 sections of land located in Alberta; Charlie Lake assets covering approximately 357 sections of land in the northwestern area of Alberta; Viking light oil play in central and southern Alberta and west central Saskatchewan; Barons Sand oil play in the Penny area of southern Alberta; and heavy oil properties.

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