Tamarack Valley Energy (TSE:TVE) Upgraded at Raymond James

Tamarack Valley Energy (TSE:TVE - Get Free Report) was upgraded by analysts at Raymond James to a "hold" rating in a report released on Thursday, Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. National Bankshares cut their price objective on shares of Tamarack Valley Energy from C$7.25 to C$6.75 in a report on Friday, September 27th. Desjardins set a C$5.00 price target on shares of Tamarack Valley Energy and gave the company a "buy" rating in a research report on Tuesday, June 25th. BMO Capital Markets raised Tamarack Valley Energy from a "market perform" rating to an "outperform" rating in a report on Friday, October 4th. Finally, CIBC boosted their target price on Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Monday, July 15th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$5.03.

Tamarack Valley Energy Stock Down 2.3 %

Shares of TVE stock traded down C$0.09 during trading hours on Thursday, reaching C$3.90. 4,950,556 shares of the stock were exchanged, compared to its average volume of 2,360,755. Tamarack Valley Energy has a 12-month low of C$2.76 and a 12-month high of C$4.34. The business's fifty day moving average is C$3.97 and its two-hundred day moving average is C$3.85. 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 market capitalization of C$2.12 billion, a P/E ratio of 16.96 and a beta of 2.49.

Tamarack Valley Energy (TSE:TVE - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$0.17 earnings per share (EPS) for the quarter. Tamarack Valley Energy had a return on equity of 5.94% and a net margin of 8.66%. The company had revenue of C$382.98 million during the quarter. As a group, research analysts expect that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Insider Buying and Selling at Tamarack Valley Energy

In other news, Senior Officer Christine Ezinga bought 13,000 shares of Tamarack Valley Energy stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of C$3.99 per share, for a total transaction of C$51,870.00. In the last three months, insiders have bought 28,173 shares of company stock valued at $107,945. 1.32% of the stock is owned by company insiders.

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.