National Bankshares Has Lowered Expectations for Tamarack Valley Energy (TSE:TVE) Stock Price

Tamarack Valley Energy (TSE:TVE) had its target price lowered by equities research analysts at National Bankshares from C$7.00 to C$6.75 in a research report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 59.95% from the stock’s previous close.

Several other research firms have also commented on TVE. CIBC raised their target price on Tamarack Valley Energy from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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 report on Friday, November 1st. Acumen Capital boosted their target price on shares of Tamarack Valley Energy from C$5.50 to C$6.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Raymond James upgraded Tamarack Valley Energy to a “hold” rating in a report on Thursday, October 17th. Finally, BMO Capital Markets raised their target price on Tamarack Valley Energy from C$5.50 to C$6.00 in a research report on Friday, December 13th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tamarack Valley Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$5.48.

Tamarack Valley Energy Stock Performance

Shares of TSE TVE traded up C$0.01 during mid-day trading on Thursday, hitting C$4.22. The stock had a trading volume of 1,326,041 shares, compared to its average volume of 2,424,630. The company has a 50 day moving average of C$4.28 and a two-hundred day moving average of C$3.99. 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$2.30 billion, a PE ratio of 18.35 and a beta of 2.49. Tamarack Valley Energy has a twelve month low of C$2.90 and a twelve month high of C$4.70.

Insider Transactions at Tamarack Valley Energy

In related news, Director Marnie Smith sold 9,668 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of C$4.42, for a total value of C$42,732.56. 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.