Tamarack Valley Energy (TSE:TVE) Given New C$12.00 Price Target at Royal Bank Of Canada

Tamarack Valley Energy (TSE:TVE) had its price target boosted by equities researchers at Royal Bank Of Canada from C$11.00 to C$12.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 5.54% from the stock’s previous close.

Other analysts have also issued research reports about the company. Desjardins upped their target price on Tamarack Valley Energy from C$10.00 to C$10.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. Acumen Capital upped their target price on Tamarack Valley Energy from C$7.50 to C$10.50 and gave the stock a “buy” rating in a report on Thursday, February 26th. Canaccord Genuity Group upped their target price on Tamarack Valley Energy from C$8.50 to C$9.00 and gave the stock a “hold” rating in a report on Thursday, February 26th. ATB Cormark Capital Markets upped their target price on Tamarack Valley Energy from C$9.50 to C$11.50 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Finally, National Bank Financial upped their target price on Tamarack Valley Energy from C$10.00 to C$11.50 and gave the stock an “outperform” rating in a report on Thursday, February 26th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Tamarack Valley Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$10.44.

Tamarack Valley Energy Trading Up 4.1%

Shares of Tamarack Valley Energy stock traded up C$0.45 during trading on Monday, reaching C$11.37. 2,002,891 shares of the company were exchanged, compared to its average volume of 2,286,563. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 37.29. Tamarack Valley Energy has a twelve month low of C$3.50 and a twelve month high of C$12.00. The business has a 50-day moving average price of C$10.37 and a 200-day moving average price of C$8.38. The firm has a market capitalization of C$5.51 billion, a price-to-earnings ratio of -162.43 and a beta of 0.34.

Tamarack Valley Energy (TSE:TVE) last posted its earnings results on Wednesday, February 25th. The company reported C$0.10 earnings per share (EPS) for the quarter. The firm had revenue of C$304.60 million during the quarter. Tamarack Valley Energy had a negative return on equity of 1.84% and a negative net margin of 2.41%. Sell-side analysts anticipate that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

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.