Tamarack Valley Energy (TSE:TVE) Price Target Raised to C$11.50

Tamarack Valley Energy (TSE:TVE) had its target price upped by ATB Cormark Capital Markets from C$9.50 to C$11.50 in a research report report published on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on TVE. Raymond James Financial downgraded Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. National Bank Financial increased their target price on shares of Tamarack Valley Energy from C$8.00 to C$9.00 and gave the stock an “outperform” rating in a research report on Thursday, December 4th. Desjardins lifted their target price 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. Canaccord Genuity Group boosted their price target on shares of Tamarack Valley Energy from C$6.75 to C$8.00 in a research report on Thursday, December 4th. Finally, Acumen Capital upped their price target on shares of Tamarack Valley Energy from C$7.25 to C$7.50 and gave the company a “buy” rating in a research note on Thursday, October 30th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$10.11.

Tamarack Valley Energy Trading Up 4.6%

Shares of TVE stock opened at C$10.19 on Thursday. The company has a 50 day moving average of C$8.80 and a 200-day moving average of C$7.24. 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 12-month low of C$3.10 and a 12-month high of C$10.33. 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 (TSE:TVE) last posted its quarterly earnings data on Wednesday, February 25th. The company reported C$0.10 EPS for the quarter. Tamarack Valley Energy had a return on equity of 9.89% and a net margin of 13.48%.The business had revenue of C$304.60 million for the quarter. Sell-side analysts anticipate that Tamarack Valley Energy will post 0.1386527 earnings per share for the current year.

Tamarack Valley Energy News Roundup

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.

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.