Tamarack Valley Energy (TSE:TVE - Get Free Report) had its price objective upped by stock analysts at CIBC from C$5.75 to C$6.50 in a report issued on Friday,BayStreet.CA reports. CIBC's price objective would suggest a potential upside of 39.19% from the stock's previous close.
Several other equities research analysts have also issued reports on TVE. Acumen Capital raised their target price on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a "buy" rating in a research report on Friday, November 1st. BMO Capital Markets raised their price objective on shares of Tamarack Valley Energy from C$5.50 to C$6.00 in a report on Friday, December 13th. Royal Bank of Canada boosted their target price on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Raymond James upgraded shares of Tamarack Valley Energy to a "hold" rating in a research note on Thursday, October 17th. Finally, Canaccord Genuity Group upped their price objective on Tamarack Valley Energy from C$5.00 to C$5.75 in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$5.55.
Check Out Our Latest Stock Analysis on TVE
Tamarack Valley Energy Stock Performance
Shares of TSE TVE traded down C$0.01 during midday trading on Friday, reaching C$4.67. The company's stock had a trading volume of 2,638,138 shares, compared to its average volume of 1,999,066. The stock has a market capitalization of C$2.54 billion, a P/E ratio of 20.30 and a beta of 2.49. The company has a debt-to-equity ratio of 41.72, a current ratio of 0.90 and a quick ratio of 0.80. The firm has a 50 day moving average price of C$4.55 and a 200-day moving average price of C$4.16. Tamarack Valley Energy has a 12-month low of C$2.90 and a 12-month high of C$5.05.
Insiders Place Their Bets
In related news, Director Marnie Smith sold 9,668 shares of the company's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$4.42, for a total transaction of C$42,732.56. 1.32% of the stock is owned by corporate insiders.
About Tamarack Valley Energy
(
Get Free Report)
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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