Tamarack Valley Energy (TSE:TVE) PT Set at C$4.00 by BMO Capital Markets

Tamarack Valley Energy (TSE:TVEGet Free Report) received a C$4.00 price objective from investment analysts at BMO Capital Markets in a research note issued to investors on Thursday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 7.24% from the company’s previous close.

Several other research firms have also commented on TVE. Canaccord Genuity Group lowered their price target on Tamarack Valley Energy from C$5.75 to C$5.00 and set a “buy” rating for the company in a research report on Thursday, December 7th. Desjardins set a C$6.00 price target on Tamarack Valley Energy and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Raymond James lowered their price target on Tamarack Valley Energy from C$5.00 to C$4.00 and set an “outperform” rating for the company in a research report on Friday, January 19th. National Bankshares raised their price target on 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. Finally, ATB Capital lowered their price target on Tamarack Valley Energy from C$6.00 to C$5.50 and set an “outperform” rating for the company in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Tamarack Valley Energy currently has an average rating of “Moderate Buy” and an average target price of C$4.93.

Get Our Latest Research Report on Tamarack Valley Energy

Tamarack Valley Energy Trading Up 0.3 %

Shares of Tamarack Valley Energy stock opened at C$3.73 on Thursday. The firm has a market capitalization of C$2.03 billion, a price-to-earnings ratio of 21.94 and a beta of 2.59. Tamarack Valley Energy has a fifty-two week low of C$2.76 and a fifty-two week high of C$4.34. The company has a debt-to-equity ratio of 43.39, a quick ratio of 0.80 and a current ratio of 0.52. The stock has a 50 day moving average of C$3.29 and a 200 day moving average of C$3.50.

Tamarack Valley Energy (TSE:TVEGet Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.10 earnings per share for the quarter, topping the consensus estimate of C$0.06 by C$0.04. The company had revenue of C$418.86 million during the quarter. Tamarack Valley Energy had a return on equity of 4.34% and a net margin of 6.70%. As a group, research analysts predict that Tamarack Valley Energy will post 0.1801932 earnings per share for the current year.

Insider Buying and Selling at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Christine Ezinga purchased 21,150 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were bought at an average cost of C$3.74 per share, for a total transaction of C$79,012.17. In other news, Senior Officer Brian Leslie Schmidt bought 9,395 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were acquired at an average price of C$3.66 per share, for a total transaction of C$34,385.70. Also, Senior Officer Christine Ezinga bought 21,150 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were purchased at an average price of C$3.74 per share, for a total transaction of C$79,012.17. Insiders have acquired a total of 89,218 shares of company stock worth $297,687 over the last ninety days. Corporate insiders own 1.13% of the company’s stock.

Tamarack Valley Energy Company Profile

(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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Analyst Recommendations for Tamarack Valley Energy (TSE:TVE)

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