Tamarack-Valley-Energy-Ltd (TSE:TVE) has been assigned an average rating of “Buy” from the nine analysts that are covering the firm. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$4.79.
A number of research analysts recently issued reports on TVE shares. Royal Bank Of Canada restated an “outperform” rating and set a C$5.00 price objective on shares of Tamarack-Valley-Energy-Ltd in a research report on Tuesday, June 21st. Canaccord Genuity initiated coverage on Tamarack-Valley-Energy-Ltd in a research report on Tuesday, June 28th. They set a “buy” rating and a C$5.00 price target for the company. BMO Capital Markets lowered Tamarack-Valley-Energy-Ltd from an “outperform” rating to a “market perform” rating in a research report on Thursday, June 30th. Desjardins boosted their price target on Tamarack-Valley-Energy-Ltd from C$4.75 to C$5.25 in a research report on Wednesday, July 13th. Finally, National Bank Financial reduced their price target on Tamarack-Valley-Energy-Ltd from C$5.50 to C$4.75 in a research report on Wednesday, August 3rd.
Tamarack-Valley-Energy-Ltd (TSE:TVE) traded down 1.79% during mid-day trading on Monday, reaching $3.29. The company had a trading volume of 166,153 shares. The firm’s market capitalization is $450.78 million. Tamarack-Valley-Energy-Ltd has a 12 month low of $2.16 and a 12 month high of $4.28. The stock’s 50-day moving average is $3.47 and its 200 day moving average is $3.69.
Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant.
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