Tamarack Valley Energy (OTCMKTS:TNEYF) Stock Price Crosses Below 50-Day Moving Average of $2.80

Tamarack Valley Energy Ltd. (OTCMKTS:TNEYF – Get Rating) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.80 and traded as low as $2.65. Tamarack Valley Energy shares last traded at $2.65, with a volume of 9,875 shares changing hands.

Wall Street Analyst Weigh In

TNEYF has been the topic of several recent research reports. Raymond James lowered their price target on shares of Tamarack Valley Energy to C$5.00 in a report on Friday, May 12th. CIBC lowered their price target on shares of Tamarack Valley Energy from C$6.00 to C$5.50 in a report on Friday, April 14th. Royal Bank of Canada lowered their price target on shares of Tamarack Valley Energy from C$6.00 to C$5.50 in a report on Friday, May 12th. Finally, BMO Capital Markets lowered their price target on shares of Tamarack Valley Energy from C$5.00 to C$4.50 in a report on Thursday, May 11th.

Tamarack Valley Energy Stock Performance

The stock has a 50-day moving average price of $2.80 and a 200 day moving average price of $3.20.

Tamarack Valley Energy Company Profile

(Get Rating)

Tamarack Valley Energy Ltd. is an oil and gas exploration and production company, which engages in the identification, evaluation, and operation of resource plays in the Western Canadian Sedimentary Basin. Its portfolio includes Cardium Oil, and Viking Oil. The company was founded on March 6, 2002 and is headquartered in Calgary, Canada.