Tamarack Valley Energy (TSE:TVE) PT Raised to C$5.25 at CIBC

Tamarack Valley Energy (TSE:TVE) had its price target increased by research analysts at CIBC from C$4.50 to C$5.25 in a report issued on Monday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s price objective indicates a potential upside of 35.66% from the company’s current price.

Several other equities analysts also recently commented on the company. Desjardins upped their price objective on Tamarack Valley Energy from C$4.50 to C$4.75 and gave the company a “buy” rating in a research report on Friday, March 22nd. Raymond James cut their price objective on Tamarack Valley Energy from C$5.00 to C$4.00 and set an “outperform” rating on the stock in a research report on Friday, January 19th. BMO Capital Markets set a C$4.00 price objective on Tamarack Valley Energy and gave the company a “market perform” rating in a research report on Thursday, March 21st. Canaccord Genuity Group upped their price objective on Tamarack Valley Energy from C$4.25 to C$4.75 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Finally, National Bankshares upped their target price on Tamarack Valley Energy from C$6.00 to C$6.50 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$4.93.

Tamarack Valley Energy Stock Performance

TSE TVE opened at C$3.87 on Monday. The company has a market cap of C$2.10 billion, a P/E ratio of 22.76 and a beta of 2.59. 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 business’s 50 day moving average price is C$3.66 and its 200-day moving average price is C$3.51. Tamarack Valley Energy has a fifty-two week low of C$2.76 and a fifty-two week high of C$4.34.

Tamarack Valley Energy (TSE:TVE) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$0.10 EPS for the quarter, beating the consensus estimate of C$0.06 by C$0.04. The company had revenue of C$418.86 million for the quarter. Tamarack Valley Energy had a return on equity of 4.34% and a net margin of 6.70%. Sell-side analysts predict that Tamarack Valley Energy will post 0.2799189 earnings per share for the current year.

Insider Buying and Selling at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Scott Shimek purchased 8,500 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was bought at an average cost of C$4.08 per share, for a total transaction of C$34,680.00. In other news, Senior Officer Christine Ezinga acquired 21,150 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were acquired at an average cost of C$3.74 per share, with a total value of C$79,012.17. Also, Senior Officer Scott Shimek acquired 8,500 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was purchased at an average cost of C$4.08 per share, for a total transaction of C$34,680.00. Over the last ninety days, insiders acquired 47,718 shares of company stock worth $178,867. 1.15% of the stock is owned by insiders.

Tamarack Valley Energy Company Profile

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.