Laurentian Bank of Canada Raises Tamarack-Valley-Energy-Ltd (TVE) Price Target to C$4.75
Tamarack-Valley-Energy-Ltd (TSE:TVE) had its price objective lifted by stock analysts at Laurentian Bank of Canada from C$4.25 to C$4.75 in a research note issued to investors on Friday, StockTargetPrices.com reports. Laurentian Bank of Canada’s price target would suggest a potential upside of 75.28% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Canaccord Genuity cut shares of Tamarack-Valley-Energy-Ltd from a “buy” rating to a “hold” rating and lowered their price target for the company from C$4.00 to C$2.50 in a research report on Tuesday, July 11th. Raymond James Financial, Inc. boosted their price target on shares of Tamarack-Valley-Energy-Ltd from C$3.50 to C$3.75 and gave the company an “outperform” rating in a research report on Monday, September 11th.
Tamarack-Valley-Energy-Ltd (TSE TVE) traded down 1.85% during midday trading on Friday, hitting $2.66. 156,600 shares of the stock traded hands. The firm’s market cap is $605.56 million. Tamarack-Valley-Energy-Ltd has a 52-week low of $1.96 and a 52-week high of $3.89. The stock has a 50-day moving average of $2.52 and a 200 day moving average of $2.45.
In related news, insider Gmt Capital Corp bought 23,900 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were bought at an average price of C$1.98 per share, with a total value of C$47,322.00. Insiders acquired 142,500 shares of company stock worth $262,108 in the last ninety days.
Tamarack-Valley-Energy-Ltd Company Profile
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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