Tamarack Valley Energy (TSE:TVE – Get Free Report) had its price objective lowered by analysts at National Bankshares from C$7.25 to C$6.75 in a research report issued to clients and investors on Friday, BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 75.78% from the stock’s current price.
A number of other research analysts have also weighed in on the stock. CIBC raised their price objective on shares of Tamarack Valley Energy from C$5.25 to C$5.50 in a research note on Monday, July 15th. Desjardins set a C$5.00 price target on shares of Tamarack Valley Energy and gave the company a “buy” rating in a research report on Tuesday, June 25th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$5.03.
Get Our Latest Research Report on Tamarack Valley Energy
Tamarack Valley Energy Stock Up 1.1 %
Tamarack Valley Energy (TSE:TVE – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. Tamarack Valley Energy had a return on equity of 5.94% and a net margin of 8.66%. The firm had revenue of C$382.98 million during the quarter.
Insider Transactions at Tamarack Valley Energy
In other Tamarack Valley Energy news, Senior Officer Christine Ezinga acquired 8,000 shares of Tamarack Valley Energy stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of C$3.67 per share, for a total transaction of C$29,367.20. In other news, Senior Officer Brian Leslie Schmidt acquired 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were acquired at an average price of C$3.86 per share, for a total transaction of C$115,800.00. Also, Senior Officer Christine Ezinga bought 8,000 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of C$3.67 per share, with a total value of C$29,367.20. Insiders have acquired 58,173 shares of company stock worth $223,745 in the last 90 days. Insiders own 1.32% of the company’s stock.
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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