Tamarack Valley Energy (TSE:TVE – Get Free Report) had its price target hoisted by equities researchers at Royal Bank of Canada from C$4.50 to C$5.00 in a report released on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 17.92% from the company’s current price.
Other equities analysts have also issued research reports about the company. BMO Capital Markets raised Tamarack Valley Energy from a “market perform” rating to an “outperform” rating in a research report on Friday, October 4th. Raymond James raised Tamarack Valley Energy to a “hold” rating in a research report on Thursday, October 17th. National Bankshares reduced their price objective on Tamarack Valley Energy from C$7.25 to C$6.75 in a report on Friday, September 27th. Finally, CIBC lifted their price objective on Tamarack Valley Energy from C$5.25 to C$5.50 in a report on Monday, July 15th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.23.
View Our Latest Analysis on TVE
Tamarack Valley Energy Trading Up 2.2 %
Tamarack Valley Energy (TSE:TVE – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported C$0.17 EPS for the quarter. The business had revenue of C$382.98 million during the quarter. Tamarack Valley Energy had a return on equity of 5.94% and a net margin of 8.66%. As a group, research analysts forecast that Tamarack Valley Energy will post 0.1386527 EPS for the current year.
Insider Buying and Selling at Tamarack Valley Energy
In other news, Senior Officer Christine Ezinga purchased 13,000 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of C$3.99 per share, for a total transaction of C$51,870.00. Insiders bought a total of 28,173 shares of company stock worth $107,945 in the last three months. 1.32% of the stock is currently owned by company insiders.
Tamarack Valley Energy 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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