Stifel Nicolaus Lowers Tamarack Valley Energy (TSE:TVE) Price Target to C$6.75

Tamarack Valley Energy (TSE:TVEGet Rating) had its price target reduced by Stifel Nicolaus from C$7.25 to C$6.75 in a research report sent to investors on Tuesday, BayStreet.CA reports.

A number of other research firms have also recently issued reports on TVE. Royal Bank of Canada decreased their price objective on shares of Tamarack Valley Energy from C$8.00 to C$7.50 and set an outperform rating on the stock in a research report on Friday, July 29th. CIBC decreased their price objective on shares of Tamarack Valley Energy from C$8.00 to C$6.50 in a research report on Wednesday, July 13th. Raymond James boosted their price target on shares of Tamarack Valley Energy from C$7.25 to C$7.50 and gave the company a strong-buy rating in a research report on Tuesday, July 5th. ATB Capital boosted their price target on shares of Tamarack Valley Energy from C$6.50 to C$6.75 and gave the company a strong-buy rating in a research report on Friday, April 22nd. Finally, National Bankshares reduced their price target on shares of Tamarack Valley Energy from C$8.50 to C$8.00 and set an outperform rating on the stock in a research report on Monday, July 18th. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Tamarack Valley Energy presently has an average rating of Buy and a consensus price target of C$6.50.

Tamarack Valley Energy Price Performance

Shares of TSE:TVE opened at C$3.84 on Tuesday. The stock has a market cap of C$1.69 billion and a PE ratio of 5.73. The company’s fifty day moving average is C$4.67 and its 200 day moving average is C$4.87. Tamarack Valley Energy has a 52 week low of C$2.07 and a 52 week high of C$6.48. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 34.20.

Tamarack Valley Energy (TSE:TVEGet Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported C$0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.11). The business had revenue of C$298.90 million for the quarter. Research analysts anticipate that Tamarack Valley Energy will post 1.02 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Marnie Smith bought 19,097 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were purchased at an average price of C$4.64 per share, for a total transaction of C$88,610.08. Following the completion of the purchase, the director now owns 124,584 shares in the company, valued at approximately C$578,069.76.

Tamarack Valley Energy Company Profile

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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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