Tamarack Valley Energy (TSE:TVE) Price Target Raised to C$10.50

Tamarack Valley Energy (TSE:TVE) had its target price raised by Acumen Capital from C$7.50 to C$10.50 in a report published on Thursday morning,BayStreet.CA reports. Acumen Capital currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. ATB Cormark Capital Markets raised their target price on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James Financial downgraded shares of Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, December 9th. Canaccord Genuity Group boosted their target price on shares of Tamarack Valley Energy from C$6.75 to C$8.00 in a research report on Thursday, December 4th. National Bank Financial upped their target price on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a report on Thursday, December 4th. Finally, Desjardins lifted their price target on shares of Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research note on Thursday. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$10.11.

Tamarack Valley Energy Stock Up 4.6%

TSE:TVE opened at C$10.19 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. The firm has a market cap of C$4.96 billion, a P/E ratio of -145.57 and a beta of 0.87. Tamarack Valley Energy has a fifty-two week low of C$3.10 and a fifty-two week high of C$10.33. The firm has a 50-day simple moving average of C$8.80 and a two-hundred day simple moving average of C$7.24.

Tamarack Valley Energy (TSE:TVE) last posted its earnings results on Wednesday, February 25th. The company reported C$0.10 EPS for the quarter. The business had revenue of C$304.60 million during the quarter. Tamarack Valley Energy had a return on equity of 9.89% and a net margin of 13.48%. Analysts predict that Tamarack Valley Energy will post 0.1386527 earnings per share for the current fiscal year.

Trending Headlines about Tamarack Valley Energy

Here are the key news stories impacting Tamarack Valley Energy this week:

• Positive Sentiment: National Bank Financial raised its price target to C$11.50 and assigned an “outperform” rating, implying roughly an 18% upside versus the C$9.74 reference price. Read More.
• Positive Sentiment: ATB Cormark Capital Markets raised its target to C$11.50 and reiterated an “outperform” view, signaling similar upside potential (~18%). Read More.
• Positive Sentiment: Desjardins increased its target to C$10.50 and rates TVE a “buy,” implying about a 7.8% upside from the C$9.74 reference. Read More.
• Positive Sentiment: Acumen Capital bumped its target sharply to C$10.50 (from C$7.50) and holds a “buy” rating, also implying roughly 7.8% upside versus C$9.74. Read More.
• Negative Sentiment: Canaccord Genuity raised its target to C$9.00 but kept a “hold” rating; that target sits below the C$9.74 reference price and represents ~7.6% downside, tempering the otherwise bullish analyst flow. Read More.

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.