Tamarack-Valley-Energy-Ltd (TVE) Price Target Raised to C$4.75 at Laurentian
Tamarack-Valley-Energy-Ltd (TSE:TVE) had its price target increased by research analysts at Laurentian from C$4.25 to C$4.75 in a research note issued on Friday. Laurentian’s price target indicates a potential upside of 75.28% from the stock’s current price.
A number of other brokerages have also recently issued reports on TVE. Laurentian Bank of Canada boosted their price objective on shares of Tamarack-Valley-Energy-Ltd from C$4.25 to C$4.75 in a report on Friday. Raymond James Financial, Inc. boosted their price objective on shares of Tamarack-Valley-Energy-Ltd from C$3.50 to C$3.75 and gave the company an “outperform” rating in a report on Monday, September 11th. Finally, Canaccord Genuity cut shares of Tamarack-Valley-Energy-Ltd from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$4.00 to C$2.50 in a report on Tuesday, July 11th.
Tamarack-Valley-Energy-Ltd (TSE TVE) traded down 1.11% during trading on Friday, reaching $2.68. 199,800 shares of the company were exchanged. Tamarack-Valley-Energy-Ltd has a 52-week low of $1.96 and a 52-week high of $3.89. The firm’s market cap is $610.11 million. The firm has a 50-day moving average of $2.52 and a 200-day moving average of $2.45.
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In related news, insider Gmt Capital Corp purchased 23,900 shares of Tamarack-Valley-Energy-Ltd stock in a transaction dated Tuesday, September 5th. The stock was bought at an average price of C$1.98 per share, for a total transaction of C$47,322.00. Insiders bought 142,500 shares of company stock valued at $262,108 in the last quarter.
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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