Tamarack Valley Energy (TSE:TVE) had its price objective decreased by equities research analysts at Raymond James from C$1.50 to C$1.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ price target points to a potential upside of 100.00% from the company’s previous close.
Several other analysts have also recently commented on the stock. Royal Bank of Canada lowered their target price on shares of Tamarack Valley Energy from C$2.50 to C$1.25 and set an “outperform” rating for the company in a research note on Monday, March 16th. Tudor Pickering reaffirmed a “hold” rating on shares of Tamarack Valley Energy in a research note on Thursday, March 12th. TD Securities lowered their target price on shares of Tamarack Valley Energy from C$1.75 to C$1.50 and set a “buy” rating for the company in a research note on Thursday, March 19th. Laurentian lowered their target price on shares of Tamarack Valley Energy from C$4.00 to C$3.75 in a research note on Wednesday, February 12th. Finally, National Bank Financial lowered their target price on shares of Tamarack Valley Energy from C$3.00 to C$2.00 and set a “sector perform” rating for the company in a research note on Tuesday, March 10th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Tamarack Valley Energy currently has a consensus rating of “Hold” and an average target price of C$2.60.
TVE stock opened at C$0.50 on Wednesday. The stock has a market capitalization of $109.17 million and a P/E ratio of -2.89. The company has a debt-to-equity ratio of 26.88, a quick ratio of 0.89 and a current ratio of 0.93. Tamarack Valley Energy has a one year low of C$0.39 and a one year high of C$3.09. The company has a 50 day moving average price of C$1.24 and a two-hundred day moving average price of C$1.74.
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.
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