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

Tamarack Valley Energy (TSE:TVE) had its price objective upped by Desjardins from C$10.00 to C$10.50 in a report published on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the stock. BMO Capital Markets increased their target price on shares of Tamarack Valley Energy from C$9.00 to C$11.00 in a research report on Friday, November 21st. Canaccord Genuity Group boosted their price target on Tamarack Valley Energy from C$6.75 to C$8.00 in a research note on Thursday, December 4th. Canadian Imperial Bank of Commerce increased their price target on 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. Raymond James Financial lowered Tamarack Valley Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, National Bank Financial upped their target price on Tamarack Valley Energy from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Six investment 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 stock presently has an average rating of “Moderate Buy” and an average target price of C$10.11.

Tamarack Valley Energy Stock Up 4.6%

TVE stock opened at C$10.19 on Thursday. Tamarack Valley Energy has a fifty-two week low of C$3.10 and a fifty-two week high of C$10.33. The company has a debt-to-equity ratio of 34.61, a current ratio of 0.73 and a quick ratio of 0.80. The stock has a market capitalization of C$4.96 billion, a price-to-earnings ratio of -145.57 and a beta of 0.87. The business’s fifty day moving average price is C$8.80 and its two-hundred day moving average price is C$7.24.

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

More Tamarack Valley Energy News

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.