A number of other analysts also recently issued reports on the company. Royal Bank of Canada decreased their price target on Tamarack Valley Energy from C$5.50 to C$5.00 and set a sector perform rating for the company in a report on Thursday. BMO Capital Markets lifted their price target on Tamarack Valley Energy from C$6.00 to C$6.50 in a report on Tuesday, October 9th. Cormark lifted their price target on Tamarack Valley Energy from C$5.75 to C$6.00 in a report on Tuesday, October 9th. National Bank Financial boosted their target price on Tamarack Valley Energy from C$6.50 to C$6.75 and gave the company an outperform rating in a report on Thursday, September 20th. Finally, Raymond James boosted their target price on Tamarack Valley Energy from C$5.75 to C$6.00 and gave the company an outperform rating in a report on Friday, August 10th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Tamarack Valley Energy currently has an average rating of Buy and a consensus price target of C$5.88.
Shares of TSE TVE opened at C$3.05 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.42 and a debt-to-equity ratio of 20.20. Tamarack Valley Energy has a 1 year low of C$2.31 and a 1 year high of C$5.20.
In other news, insider David Keith Christensen sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 3rd. The stock was sold at an average price of C$5.15, for a total value of C$128,750.00. Also, Director Jeff Boyce sold 90,000 shares of the business’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of C$5.05, for a total value of C$454,500.00.
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.
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