National Bankshares Forecasts Strong Price Appreciation for Tamarack Valley Energy (TSE:TVE) Stock

Tamarack Valley Energy (TSE:TVE) had its target price boosted by investment analysts at National Bankshares from C$7.50 to C$8.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 28.41% from the stock’s current price.

TVE has been the topic of several other reports. CIBC lifted their target price on shares of Tamarack Valley Energy from C$6.25 to C$7.00 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Raymond James Financial lifted their target price on shares of Tamarack Valley Energy from C$6.50 to C$7.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank Of Canada lifted their target price on shares of Tamarack Valley Energy from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Desjardins raised shares of Tamarack Valley Energy from a “hold” rating to a “moderate buy” rating in a research report on Thursday, October 16th. Finally, Canaccord Genuity Group downgraded shares of Tamarack Valley Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Tamarack Valley Energy presently has an average rating of “Moderate Buy” and an average price target of C$7.36.

Tamarack Valley Energy Stock Up 0.2%

Shares of TSE TVE opened at C$6.23 on Thursday. The company has a quick ratio of 0.80, a current ratio of 0.73 and a debt-to-equity ratio of 34.61. Tamarack Valley Energy has a 52 week low of C$3.10 and a 52 week high of C$6.45. The firm’s fifty day moving average is C$5.91 and its 200 day moving average is C$5.10. The company has a market cap of C$3.10 billion, a price-to-earnings ratio of 12.98 and a beta of 1.10.

Tamarack Valley Energy Company Profile

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.