Tamarack Valley Energy (TSE:TVE) Stock Price Expected to Rise, ATB Capital Analyst Says

Tamarack Valley Energy (TSE:TVE) had its target price raised by ATB Capital from C$7.00 to C$7.25 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. ATB Capital’s price target would indicate a potential upside of 16.37% from the company’s previous close.

Other analysts also recently issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Tamarack Valley Energy from C$8.00 to C$9.00 in a report on Thursday. Royal Bank Of Canada raised their price objective on shares of Tamarack Valley Energy from C$6.00 to C$7.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. 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. Canaccord Genuity Group downgraded shares of Tamarack Valley Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 22nd. Finally, National Bankshares lifted their target price on shares of Tamarack Valley Energy from C$7.25 to C$7.50 and gave the stock an “outperform” rating in a research note on Friday, September 19th. Seven analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Tamarack Valley Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$7.36.

Tamarack Valley Energy Stock Performance

TSE TVE opened at C$6.23 on Thursday. Tamarack Valley Energy has a 52-week low of C$3.10 and a 52-week high of C$6.45. The company has a 50-day simple moving average of C$5.91 and a 200 day simple moving average of C$5.10. The company has a debt-to-equity ratio of 34.61, a quick ratio of 0.80 and a current ratio of 0.73. The company has a market capitalization of C$3.10 billion, a PE 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.