Tamarack Valley Energy (TSE:TVE) had its target price trimmed by Canaccord Genuity from C$4.00 to C$3.50 in a research report released on Tuesday, BayStreet.CA reports.
A number of other equities research analysts have also recently issued reports on the stock. National Bank Financial decreased their price target on shares of Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a report on Tuesday, June 25th. Eight Capital upped their price target on shares of Tamarack Valley Energy from C$4.00 to C$4.25 in a report on Friday, May 10th. Raymond James restated a buy rating on shares of Tamarack-Valley-Energy in a report on Tuesday, May 28th. Finally, GMP Securities restated a buy rating and set a $22.25 price target on shares of SPDR Wells Fargo Preferred Stock ETF in a report on Friday, June 28th.
Shares of TSE:TVE opened at C$2.06 on Tuesday. The company has a market capitalization of $473.16 million and a PE ratio of 15.73. Tamarack Valley Energy has a 1 year low of C$1.81 and a 1 year high of C$5.20. The stock has a fifty day simple moving average of C$2.12. The company has a debt-to-equity ratio of 25.12, a current ratio of 0.56 and a quick ratio of 0.52.
In other Tamarack Valley Energy news, Senior Officer Ken Cruikshank sold 160,000 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of C$2.84, for a total transaction of C$454,240.00. Following the completion of the sale, the insider now directly owns 67,555 shares in the company, valued at C$191,788.65.
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.
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