Acumen Capital Raises Tamarack Valley Energy (TSE:TVE) Price Target to C$7.50

Tamarack Valley Energy (TSE:TVE) had its price objective raised by equities researchers at Acumen Capital from C$7.25 to C$7.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price suggests a potential upside of 20.39% from the stock’s previous close.

TVE has been the subject of several other reports. CIBC upped their price target on shares of Tamarack Valley Energy from C$6.25 to C$7.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Royal Bank Of Canada upped their price target on shares of Tamarack Valley Energy from C$6.00 to C$7.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. ATB Capital upped their price target on shares of Tamarack Valley Energy from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Canaccord Genuity Group cut shares of Tamarack Valley Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial upped their price target on shares of Tamarack Valley Energy from C$6.50 to C$7.00 and gave the company an “outperform” rating in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Tamarack Valley Energy has a consensus rating of “Moderate Buy” and a consensus target price of C$7.36.

Tamarack Valley Energy Trading Up 0.2%

Shares of TSE TVE opened at C$6.23 on Thursday. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. Tamarack Valley Energy has a 52-week low of C$3.10 and a 52-week high of C$6.45. The firm has a 50 day moving average price of C$5.91 and a two-hundred day moving average price of C$5.10. The stock has a market cap of C$3.10 billion, a P/E ratio of 12.98 and a beta of 1.10.

About Tamarack Valley Energy

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 Cardium light oil plays in Wilson Creek/Alder Flats/Pembina, and Garrington and Lochend areas in Alberta; Viking light oil resource plays in Redwater and Westlock in Alberta, as well as in the Consort area of southeast Alberta and Hoosier area of southwest Saskatchewan; Barons Sands light oil plays located in the Penny area of Southern Alberta; and heavy oil properties located in Hatton area of Saskatchewan.