Tamarack Valley Energy (OTCMKTS:TNEYF) Price Target Cut to C$6.75 by Analysts at Stifel Nicolaus

Tamarack Valley Energy (OTCMKTS:TNEYF – Get Rating) had its target price trimmed by Stifel Nicolaus from C$7.25 to C$6.75 in a research note published on Tuesday morning, The Fly reports.

A number of other brokerages have also weighed in on TNEYF. National Bank Financial lowered their target price on Tamarack Valley Energy from C$8.50 to C$8.00 in a research note on Monday, July 18th. CIBC increased their target price on Tamarack Valley Energy from C$7.50 to C$8.00 in a research note on Wednesday, June 15th. Raymond James increased their target price on Tamarack Valley Energy from C$7.00 to C$7.25 in a research note on Friday, April 22nd. Finally, Royal Bank of Canada lowered their target price on Tamarack Valley Energy from C$8.00 to C$7.50 in a research note on Friday, July 29th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $6.50.

Tamarack Valley Energy Stock Performance

OTCMKTS:TNEYF opened at $3.31 on Tuesday. The stock’s 50 day moving average price is $3.69 and its two-hundred day moving average price is $3.83. Tamarack Valley Energy has a 12-month low of $1.61 and a 12-month high of $5.37.

About Tamarack Valley Energy

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Tamarack Valley Energy Ltd. acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It primarily holds interests in the Clearwater assets covering an area of approximately 357 sections of land located in Alberta; Charlie Lake assets covering approximately 357 sections of land in the northwestern area of Alberta; Viking light oil play in central and southern Alberta and west central Saskatchewan; Barons Sand oil play in the Penny area of southern Alberta; and heavy oil properties.