Tamarack Valley Energy (TSE:TVE) had its price target cut by Canaccord Genuity from C$4.00 to C$3.50 in a report published on Tuesday morning, BayStreet.CA reports.
Several other equities analysts have also commented on TVE. Raymond James reiterated a buy rating on shares of Tamarack-Valley-Energy in a research note on Tuesday, May 28th. GMP Securities reiterated a buy rating and issued a $22.25 target price on shares of SPDR Wells Fargo Preferred Stock ETF in a research note on Friday, June 28th. National Bank Financial dropped their target price on Yangarra Resources from C$5.50 to C$5.00 and set an outperform rating for the company in a research note on Tuesday, June 25th. Finally, Eight Capital upped their target price on Tamarack Valley Energy from C$4.00 to C$4.25 in a research note on Friday, May 10th.
TSE TVE opened at C$2.08 on Tuesday. Tamarack Valley Energy has a fifty-two week low of C$1.81 and a fifty-two week high of C$5.20. The firm has a market capitalization of $473.16 million and a PE ratio of 15.88. The business has a fifty day moving average of C$2.12. The company has a debt-to-equity ratio of 25.12, a quick ratio of 0.52 and a current ratio of 0.56.
In related news, Senior Officer Ken Cruikshank sold 160,000 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of C$2.84, for a total value of C$454,240.00. Following the completion of the transaction, the insider now directly owns 67,555 shares in the company, valued at C$191,788.65.
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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