Tamarack Valley Energy (TSE:TVE – Get Free Report) had its target price increased by stock analysts at Acumen Capital from C$5.50 to C$6.00 in a report released on Friday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Acumen Capital’s target price would indicate a potential upside of 40.85% from the stock’s current price.
Other analysts also recently issued research reports about the stock. CIBC lifted their price target on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Friday. Raymond James raised Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets raised Tamarack Valley Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, October 4th. National Bankshares cut their price target on Tamarack Valley Energy from C$7.25 to C$6.75 in a research note on Friday, September 27th. Finally, Royal Bank of Canada upped their price objective on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the stock an “outperform” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$5.23.
Check Out Our Latest Report on Tamarack Valley Energy
Tamarack Valley Energy Stock Performance
Tamarack Valley Energy (TSE:TVE – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. The company had revenue of C$382.98 million for the quarter. Tamarack Valley Energy had a net margin of 8.66% and a return on equity of 5.94%. As a group, analysts expect that Tamarack Valley Energy will post 0.1386527 earnings per share for the current year.
Insider Buying and Selling at Tamarack Valley Energy
In other Tamarack Valley Energy news, Senior Officer Christine Ezinga purchased 8,000 shares of Tamarack Valley Energy stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of C$3.67 per share, with a total value of C$29,367.20. Insiders bought a total of 28,173 shares of company stock worth $107,945 over the last three months. Corporate 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.
Read More
- Five stocks we like better than Tamarack Valley Energy
- Earnings Per Share Calculator: How to Calculate EPS
- Battle of the Retailers: Who Comes Out on Top?
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- HCA Healthcare: Temporary Setbacks, Long-Term Strength
- What Are Dividend Challengers?
- MarketBeat Week in Review – 10/28 – 11/1
Receive News & Ratings for Tamarack Valley Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tamarack Valley Energy and related companies with MarketBeat.com's FREE daily email newsletter.