Tamarack Valley Energy (TSE:TVE) Price Target Raised to C$7.00 at National Bankshares

Tamarack Valley Energy (TSE:TVE) had its price objective raised by National Bankshares from C$6.75 to C$7.00 in a research note issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 65.09% from the stock’s current price.

Several other analysts also recently weighed in on the stock. CIBC lifted their target price on shares of Tamarack Valley Energy from C$5.50 to C$5.75 and gave the company an “outperform” rating in a report on Friday. BMO Capital Markets raised shares of Tamarack Valley Energy from a “market perform” rating to an “outperform” rating in a report on Friday, October 4th. Acumen Capital lifted their target price on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada lifted their target price on shares of Tamarack Valley Energy from C$4.50 to C$5.00 and gave the company an “outperform” rating in a report on Friday. Finally, Raymond James raised shares of Tamarack Valley Energy to a “hold” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Tamarack Valley Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$5.23.

Tamarack Valley Energy Stock Performance

TSE TVE traded up C$0.09 during trading on Friday, reaching C$4.24. The company’s stock had a trading volume of 5,071,113 shares, compared to its average volume of 2,402,383. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.80 and a current ratio of 0.90. The firm has a market cap of C$2.31 billion, a price-to-earnings ratio of 18.48 and a beta of 2.49. Tamarack Valley Energy has a twelve month low of C$2.76 and a twelve month high of C$4.35. The business’s fifty day moving average price is C$3.97 and its 200-day moving average price is C$3.84.

Tamarack Valley Energy (TSE:TVE) last posted its quarterly earnings data 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 anticipate that Tamarack Valley Energy will post 0.1386527 EPS for the current fiscal year.

Insider Buying and Selling at Tamarack Valley Energy

In other Tamarack Valley Energy news, Senior Officer Christine Ezinga purchased 13,000 shares of Tamarack Valley Energy stock in a transaction on Friday, August 23rd. The shares were bought at an average price of C$3.99 per share, with a total value of C$51,870.00. Insiders have acquired 28,173 shares of company stock valued at $107,945 over the last quarter. 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.