Tamarack Valley Energy (TSE:TVE) PT Raised to C$4.75

Tamarack Valley Energy (TSE:TVE) had its target price lifted by equities research analysts at Canaccord Genuity Group from C$4.25 to C$4.75 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 25.99% from the stock’s current price.

TVE has been the topic of several other research reports. CIBC dropped their target price on Tamarack Valley Energy from C$5.25 to C$4.50 and set an “outperform” rating on the stock in a report on Tuesday, January 16th. Stifel Nicolaus upped their price target on Tamarack Valley Energy from C$4.75 to C$5.00 and gave the company a “buy” rating in a report on Thursday, February 29th. National Bankshares lifted their price objective on shares of Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Raymond James lowered their price objective on shares of Tamarack Valley Energy from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. Finally, BMO Capital Markets set a C$4.00 price objective on shares of Tamarack Valley Energy and gave the stock a “market perform” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Tamarack Valley Energy currently has an average rating of “Moderate Buy” and an average price target of C$4.85.

Tamarack Valley Energy Stock Performance

Shares of TVE stock opened at C$3.77 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.52 and a debt-to-equity ratio of 43.39. The business has a 50 day moving average of C$3.62 and a two-hundred day moving average of C$3.51. Tamarack Valley Energy has a 52 week low of C$2.76 and a 52 week high of C$4.34. The company has a market cap of C$2.05 billion, a P/E ratio of 22.18 and a beta of 2.59.

Tamarack Valley Energy (TSE:TVE) last released its quarterly earnings results on Wednesday, February 28th. The company reported C$0.10 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.06 by C$0.04. The company had revenue of C$418.86 million for the quarter. Tamarack Valley Energy had a return on equity of 4.34% and a net margin of 6.70%. As a group, analysts anticipate that Tamarack Valley Energy will post 0.2799189 EPS for the current year.

Insider Activity at Tamarack Valley Energy

In other news, Senior Officer Christine Ezinga bought 21,150 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of C$3.74 per share, with a total value of C$79,012.17. In other news, Senior Officer Christine Ezinga bought 21,150 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of C$3.74 per share, with a total value of C$79,012.17. Also, Senior Officer Brian Leslie Schmidt acquired 8,673 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of C$3.55 per share, with a total value of C$30,789.15. In the last 90 days, insiders acquired 47,718 shares of company stock valued at $178,867. Insiders own 1.15% of the company’s stock.

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.