Tamarack Valley Energy (TSE:TVE - Get Free Report) had its price objective cut by research analysts at National Bankshares from C$7.00 to C$6.75 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target points to a potential upside of 59.57% from the company's current price.
Several other analysts have also commented on the stock. Raymond James upgraded shares of Tamarack Valley Energy to a "hold" rating in a research report on Thursday, October 17th. Canaccord Genuity Group increased their target price on Tamarack Valley Energy from C$5.00 to C$5.75 in a report on Thursday, December 5th. Acumen Capital raised their price target on Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada upped their price objective on Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, BMO Capital Markets lifted their price objective on Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday, December 13th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.48.
Read Our Latest Stock Analysis on Tamarack Valley Energy
Tamarack Valley Energy Price Performance
Shares of Tamarack Valley Energy stock traded up C$0.02 on Thursday, hitting C$4.23. The company's stock had a trading volume of 2,207,959 shares, compared to its average volume of 2,428,504. The company has a market capitalization of C$2.30 billion, a P/E ratio of 18.39 and a beta of 2.49. Tamarack Valley Energy has a 52-week low of C$2.90 and a 52-week high of C$4.70. The firm has a fifty day moving average price of C$4.28 and a 200-day moving average price of C$3.99. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 41.72.
Insider Buying and Selling
In other Tamarack Valley Energy news, Director Marnie Smith sold 9,668 shares of Tamarack Valley Energy 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. Corporate insiders own 1.32% of the company's stock.
About Tamarack Valley Energy
(
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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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