Tamarack-Valley-Energy-Ltd (TVE) to Post FY2018 Earnings of $0.21 Per Share, Cormark Forecasts

Tamarack-Valley-Energy-Ltd (TSE:TVE) – Equities research analysts at Cormark decreased their FY2018 earnings per share estimates for Tamarack-Valley-Energy-Ltd in a note issued to investors on Thursday. Cormark analyst A. Arif now expects that the oil and natural gas company will post earnings per share of $0.21 for the year, down from their previous estimate of $0.25.

Several other research firms have also recently commented on TVE. Canaccord Genuity decreased their target price on Tamarack-Valley-Energy-Ltd from C$5.00 to C$4.50 in a research note on Tuesday, February 28th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$4.00 target price on shares of Tamarack-Valley-Energy-Ltd in a research note on Friday, March 24th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a C$3.75 target price on shares of Tamarack-Valley-Energy-Ltd in a research note on Thursday, May 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$4.46.

Earnings History and Estimates for Tamarack-Valley-Energy-Ltd (TSE:TVE)

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Tamarack-Valley-Energy-Ltd (TSE:TVE) opened at 2.07 on Friday. Tamarack-Valley-Energy-Ltd has a 12-month low of $2.03 and a 12-month high of $3.93. The stock’s 50 day moving average price is $2.36 and its 200 day moving average price is $2.95. The company’s market cap is $471.28 million.

In other Tamarack-Valley-Energy-Ltd news, insider Gmt Capital Corp bought 134,600 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average price of C$1.66 per share, with a total value of C$223,436.00. Insiders have purchased 548,500 shares of company stock valued at $1,022,170 in the last ninety days.

Tamarack-Valley-Energy-Ltd Company Profile

Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant.

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